Final answer:
The question discusses the advantage of a customer-oriented approach in business, highlighting its potential to improve efficiency and reduce production costs, in contrast to a product-oriented approach.
Step-by-step explanation:
The question deals with the concepts of customer orientation versus product orientation in a business context. A customer-oriented approach focuses on tailoring products and services to meet customer needs, often resulting in higher efficiency and lower production costs, as it aligns with market demands.
In contrast, product-oriented firms prioritize their product over customer preferences, which might not be as effective in today's consumer-driven market.
The fundamental belief of a market-oriented economy is that firms are better positioned than governments to attract customers and operate efficiently. In this economy, consumers typically benefit from better or less expensive products, while businesses that provide these products see increased profits and their employees enjoy higher income.
Considering your manager as an important internal customer can enhance job satisfaction and open up opportunities.