U Ltd produces a portfolio of products and focuses its efforts and resources on persuading customers to buy them.This is an
example of which type of 'orientation'?
U Ltd produces a portfolio of products and focuses its efforts and resources on persuading customers to buy them.This is an
example of which type of 'orientation'?
Rationale: A sales orientation assumes that customers must be persuaded to buy the products that the firm produces. A
production orientation assumes that customer will buy whatever is produced: the focus of the firm is on meeting demand. A marketing orientation seeks to determine the needs, wants and values of customers and to produce what customers want to buy.Pitfalls: Don't confuse selling and marketing!
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Monetary policy is a government economic policy relating to:
1 Interest rates
2 Taxation
3 Public borrowing and spending
4?Exchange rates
Which of the above are correct?
Which of the following organisations might benefit from a period of high price inflation?
Which of the following are the goals of macroeconomic policy?
1 Encouraging economic growth
2 Low unemployment
3 Achievement of a balance between exports and imports
4 Achieving zero inflation
Which of the following is an example of cyclical unemployment?
A surplus on the balance of payments usually refers to a surplus or deficit on the account.Which word correctly complete this?statement?
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