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Mars2501 [29]
3 years ago
7

According to the _________ concept, a firm must (1) find out what customers want and provide it, (2) make sure everyone in the o

rganization has customer satisfaction as an objective, and (3) provide goods and services that will earn a profit.
A. stakeholder relationship.
B. consumerism.
C. marketing.
D. demand-side.
Business
1 answer:
In-s [12.5K]3 years ago
5 0

Answer: marketing

                                     

Explanation:  In simple words, marketing refers to the set of activities that are performed by an organisation with the objective promoting the products that they are offering in the market.

It focuses on providing the customer those products that increases their level of satisfaction to the maximum level. It involves ascertaining the needs of customers and then making a suitable product.

Thus, from the above we can conclude that the correct option is C.

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XYZ Co. has forecasted June sales of 400 units and July sales of 700 units. The company maintains ending inventory equal to 125%
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Answer:

775 units

Explanation:

By forecast,

June sales = 400 units

July sales = 700 units

if ending inventory equal to 125% of next month's sales

Then June's ending inventory = 125% × 700

                                                  = 875 units

May's ending inventory = 125% × 400

                                       = 500 units

Opening inventory + production - sales = closing inventory

Using the formula above, where p = production

500 + p - 400 = 875

p = 875 - 100

p = 775

Production required for June is 775 units.

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