When a Firm Redesigns a Product to Reduce the Number

question 160

Multiple Choice

When a firm redesigns a product to reduce the number of component parts,the firm is

• A)increasing consumer value.
• B)increasing the value added to the product.
• C)decreasing product variety.
• D)decreasing non-value-added costs.

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Definitions:

Social Learning Theory

Social learning theory posits that people learn new behaviors, attitudes, and values by observing and imitating the actions of others.

Transformative Theory

A perspective in conflict resolution that focuses on changing the quality of interpersonal relationships and the social structure through empowerment and recognition.

Collectivist Theory

A theory that emphasizes the importance of groups and collective goals over individual desires or needs.

Aggressive System

A pattern or mechanism within a system (social, biological, or psychological) that leads to aggressive behaviors or responses.