Briefly compare the production concept with the marketing concept
What will be an ideal response?
The production concept assumes that consumers gravitate to widely available products that are affordably priced. The realization that consumers may want something more beyond just basic products led to the marketing concept, a philosophy centered on organizations providing their customers with what they need.
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Making and collecting loans and disposing of property, plant, and equipment are
a. operating activities. b. investing activities. c. financing activities. d. liquidity activities.
Which of the following would most likely aid in the formation of a high-performance work system?
A. employees' rewards and compensation that relate to the company's financial performance B. work design that allows employees to use a single skill C. technology that is used to discourage flexibility D. employees that receive little formal performance feedback E. training that is discouraged because of increasing costs