In the early 1920s, Ford promised its customers any color vehicle they wanted as long as it was black. Ford's management assumed anyone buying a car would accept the color black, so it made products affordable by offering only one variety in large quantities. Ford is an example of a market-oriented firm.
Answer the following statement true (T) or false (F)
False
A market-oriented organization recognizes that different customers groups want different features or benefits.
You might also like to view...
The standard deviation of a sample was reported to be 20. The report indicated that 
= 7200. What is the sample size?
A. 16 B. 17 C. 18 D. 19
Which one of the statements below is not a purpose for the journal?
A) to show increases and decreases in accounts B) to show a chronological order by date C) to show a complete transaction in one place D) to help locate errors
The primary problem with the government subsidies approach is that when a subsidy is for less than 100 percent of the cost, the firm that limits its pollutants must still pay the difference between the actual cost and the subsidy
Indicate whether the statement is true or false
Anaked call option writer 1. profits if stock prices rise 2. profits if stock prices fall 3. owns the underlying stock 4. does not own the underlying stock
A. 1 and 3 B. 1 and 4 C. 2 and 3 D. 2 and 4