Complete the following using these terms.
-The ability to perceive future marketplace needs and what an organization can do to satisfy them is referred to as _____.
A)outsourcing
B)Diversity
C)entrepreneur
D)Competitive differentiation
E)strategic alliance
F)Capital
G)vision
H)factors of production
I)brand
J)Relationship management
K)Not-for-profit organizations
L)Business ethics

Question

Quizplus · Accepted Answer

The ability to perceive future marketplace needs and what an organization can do to satisfy them is referred to as vision. It involves having a clear understanding of the organization's goals and objectives and developing a plan to achieve them. The vision guides the organization's decision-making and helps it remain competitive in the marketplace.

(Note: Some might argue that "competitive differentiation" could also be a valid answer, as it refers to the unique qualities or attributes that set an organization apart from its competitors. However, it does not specifically address the ability to perceive future marketplace needs.)

Complete the Following Using These Terms