Which of the following statements is true of a production-oriented firm?
A)It cannot survive when competition is weak.
B)It believes that people will buy more goods and services if aggressive sales techniques are used.
C)It can survive and even prosper when demand exceeds supply.
D)It determines how to deliver superior customer value and implements actions to provide value to customers.

Question

Quizplus · Accepted Answer

Production-oriented firms focus on maximizing output and efficiency, which allows them to thrive in a situation where demand exceeds supply. However, they may struggle when faced with competition or changes in consumer preferences. Option A and B do not accurately describe the characteristics of a production-oriented firm. Option D is more aligned with a customer-oriented firm.

Which of the Following Statements Is True of a Production-Oriented