Question

A market-oriented organization believes that the social and economicjustification for an organization's existence is the satisfaction of customer wants and needs while meeting organizational objectives.a. True b. False

Answer 1

Answer: True

Explanation: The organizations that are market oriented focus on keeping healthy relationships with their customers and providing them best service for a positive image in the market. The products offered by such organisations are made in such a way that the consumer gets maximum benefit from it and the needs of customers could be satisfied.

Thus, from the above we can conclude that such organisations emphasize on customer satisfaction and needs, therefore, the given statement is true.