In which of the following situations is a firm with a production orientation most likely to survive?
A) when supply for the product it produces exceeds demand
B) when demand for the product it produces exceeds supply
C) when there are many small competitors in the marketplace
D) when needs of the marketplace are shifting

Question

Quizplus · Accepted Answer

A firm with a production orientation focuses on producing as much as possible at the lowest cost, without considering customer demand or preferences. Therefore, in a situation where demand exceeds supply, this firm would have a greater chance of survival as they can easily sell the products they produce. In contrast, in situations such as A, C, or D, where the market conditions are unfavorable, this approach is less likely to lead to success.

In Which of the Following Situations Is a Firm with a Production