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.
Answer:
Major goals specify what an organization seeking to achieve
d/in the long term only
Explanation:
Major organizational goals are usually broad and company-wide goals, focused on the long-term. These goals are further broken down into manageable unit goals that have medium to short-term durations. In short, major goals are strategic in nature and may embrace the overarching purposes for setting up the organization in the first place.
Answer:
Farbania has a negative trade balance with Russia, that is, a deficit of $100 million.
Explanation:
Given that the republic of Farbania has trade relations only with Russia, and in one year, Farbania imports $ 300 million worth of goods from Russia and sells $ 200 million worth of goods to Russia, to determine the balance of trade that this country has with Russia is must perform the following calculations:
Imports: -300,000,000
Exports: +200,000,000
-300,000,000 + 200,000,000 = X
-100,000,000 = X
Therefore, Farbania has a negative trade balance with Russia, that is, a deficit.
Answer:
True
Explanation:
In monetary economics, the demand for money is the total amount of the asset an individual prefer to keep in liquid or near liquid forms rather than investment. Some of the factors that influences the demand for money are interest rate, inflation, income, e.t.c.
John Maynard Keynes postulated that the demand for money falls within the realms of liquidity preference, which he summarized under three headings, these are, the transactions motives, the precautionary motives, and the speculative motives.
