An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority a capitalistic economy the economy of a country where prices are largely determined by supply and demand and whose government has little direct control over the means of. Market-oriented is a term that refers to the character of business management and operations that are geared to satisfying demands of the consumer marketplace in terms of product, price and distribution it is also a term used in economics to describe economic policies that favor business and its activities,.
A similar system called socialist-oriented market economy has emerged in vietnam following the đổi mới reforms in 1986 this system is frequently characterized as state capitalism instead of market socialism because there is no meaningful degree of employee self-management in firms, because the state enterprises retain their. Market orientation more describes the company's approach to doing business market-oriented defines the company itself if a company is market-oriented, its board and executive leadership believe that the best way to succeed is to prioritize the marketplace above products.
A market economy is an economic system in which the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demandthe major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.
Video: marketing-oriented company: definition & examples learn what a marketing-oriented company is and how a company can become more marketing-oriented see examples of marketing-oriented companies, and take a short quiz. Definition of market orientation: a business approach or philosophy that focuses on identifying and meeting the stated or hidden needs or wants of customers see also product orientation and sales orientation. Market orientation focuses on a business culture and activities that enhance business performance, producing superior value to customers, outstanding performance for the firm and aggregately for the economy.
A marketing orientated approach means a business reacts to what customers want the decisions taken are based around information about customers' needs and wants, rather than what the business thinks is right for the customer most successful businesses take a market-orientated approach. Market oriented synonyms, market oriented pronunciation, market oriented translation, english dictionary definition of market oriented n an economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority a capitalistic economy.