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Changing a Product in Some Way to Make It More

question 184

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Changing a product in some way to make it more appropriate for a country's climate or preferences is an example of which type of product strategy?


Definitions:

Direct Labor-Hours

The cumulative hours that employees engaged in the production process have worked.

Direct Labor Rate

The cost per hour for direct labor involved in producing goods or services.

Production Budget

An estimate of the total units that must be produced in a given period to meet sales demands and inventory requirements.

Net Operating Income

A financial metric that calculates a company's income after operating expenses are subtracted but before interest and taxes are deducted.

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