In Malbadia, a central committee formed by the political powers decides what products and how many of each will be produced. This situation is typical of ________

Which of the following opinions is a critic of the sales-orientation philosophy most likely to hold?

a. Reducing prices is the most effective technique that helps increase product sales. b. Customers do not buy products unless the products are adequately promoted. c. Business firms should give maximum emphasis to advertising strategies. d. Business firms need to have a good understanding of the needs of the marketplace.

Life-cycle financial planning is defined as the tools and techniques of building an estate

Indicate whether the statement is true or false.