After change in government policy, it is necessary for firms to adapt to the market orientation technique. Options: A . &nbsp True B . &nbsp False C . &nbsp Legal environment D . &nbsp Technological environment

After change in government policy, it is necessary for firms to adapt to the m

Discussion Forum : Business Environment

Question -

After change in government policy, it is necessary for firms to adapt to the market orientation technique.

Options:

A . True

B . False

C . Legal environment

D . Technological environment

Answer: Option A
:
A

True. It is so because, due to increasing competition and more demanding customers, it becomes necessary for firms to understnad and analyse the market first and then produce goods according to the customers' preferences.

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