Company X carries organizational and office supplies and follows the sales orientation. Explain how Company X may lose sight of customer relationships
What will be an ideal response?
The company's aim is to sell its supplies rather than make what the market wants; such a strategy creates sales transactions but not long-term relationships. Company X will not foster customer loyalty with this approach.
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An accountant describes the effects of an economic event on an entity by recording the transaction and reporting the amount on the financial statements. What is this called?
a. Measurement b. Recognition c. Disclosure d. Matching
Which of the following is a complex process of encoding and decoding information, ideas, and feelings?
A) Confidence B) Communication C) Professional presence D) Transmission model E) Feedback
What are the ways that a firm can create barriers to entry to deter competition in its business? What factors determine whether these barriers are likely to be enduring?
During inflationary periods, cash assets serve poorly as a store of value
Indicate whether the statement is true or false