An Organization with A(n)_____ Believes That It Exists Not Only

question 21

Multiple Choice

An organization with a(n) _____ believes that it exists not only to satisfy customer wants and needs and to meet organizational objectives but also to preserve or enhance individuals' and society's long-term best interests.

• A) sales orientation
• B) marketing orientation
• C) ethical business mission
• D) focused target market strategy
• E) societal orientation

---

Definitions:

Balance Sheet

A document that provides a snapshot of a corporation's assets, debts, and shareholder's equity at a given point in time.

Increasing Unit Costs

Refers to the situation where the cost to produce or purchase a single unit of product rises, often due to inflation, increased material costs, or labor costs.

Direct Material Costs

Costs that are directly attributable to the production of goods, such as raw materials.

Work in Process Inventory

Goods partially completed in production but not yet ready for sale.