Firms with a _____ orientation focus on the internal capabilities of the firm rather than on the desires and needs of the marketplace.
A. sales
B. production
C. market
D. customer
E. customer-benefit
Answer: B
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The rights of a holder of a negotiable document of title to whom it has been duly negotiated include:
a. title to the document. b. title to the goods. c. all rights accruing under the law of agency or estoppel. d. All of these are rights.
In SEC v. Howey, the Supreme Court:
a. defined a security as an investment of money in an enterprise with the expectations of profits earned by the efforts of the investor b. was concerned with penalizing a case of fraud of investors in a large stock scam; it resulted in federal securities legislation being passed c. held all "for profit" investments to be subject to securities regulation d. held the sale of plots of land on a development to be a security e. none of the other choices
A band who fails to record the cash they collected for admission to their shows could be charged with what illegal practice?
A. cash diversion B. tax evasion C. skimming D. payroll tax avoidance
If a single taxpayer with a marginal tax rate of 37% has a long-term capital gain, it is taxed at
A) 0%. B) 20%. C) 10%. D) 15%.