Which of the Following Is Correct with Regard to Packaging

question 104

Short Answer

Which of the following is correct with regard to packaging?
Fresh fruit and structural steel do not really need much packaging.
The function of packaging is limited to product protection.
Packaging does not provide advertising or promotion for products.
Packaging costs can be as high as 50 percent of the total cost to make a product.
All of these are correct.

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Definitions:

Marginal Costs

The extra expense generated from the production of an additional unit of a product or service.

R&D Costs

Expenses related to the research and development activities of a company, often aimed at discovering new products or improving existing products.

Easy-to-Copy Products

Products that can be replicated or imitated with ease due to their simple designs, lack of patent protection, or the availability of manufacturing techniques.

Stimulate Innovation

Encourages the development of new ideas, products, or processes to improve efficiency, effectiveness, or competitive advantage.