Which of the following uses a customer-centered "sense-and-respond" philosophy rather than a product-centered "make-and-sell" philosophy?

A) market segmentation
B) the production concept
C) the marketing concept
D) the inside-out perspective
E) marketing myopia

C

Business

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_________________ refers to the number of intermediaries between the producer and the consumer

Fill in the blank(s) with the appropriate word(s).

Business

If setup costs are reduced by substantial reductions in setup time, the production order quantity is also reduced

Indicate whether the statement is true or false

Business