pfizer is a maker of pharmaceuticals. this is an example of a_____company definition.
Answers
Answer:
A manufacturer of medications is Pfizer. This is an example of a company definition that is product-oriented.
Explanation:
Product orientation is the company's singular concentration on its products, according to definition. As a result, a firm that is focused on its products makes every effort to produce high-quality goods and set their prices appropriately, enabling customers to identify and choose the company's goods. Prior to the 1920s, when there was no expertise in product creation and the only focus was on developing high-quality products, the business philosophy known as "product orientation" was established.
Therefore, product orientation is a company strategy that focuses on their products' research, product development, and product emphasis.
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