Which of the Following Statements Is True

question 6

Multiple Choice

Which of the following statements is true?
I. Serving similar customers with similar demand characteristics is an example of market focus.
II. A company specializing in assembling cars is an example of process focus.
III. A focused factory specializes in a wide product mix.

• A)I only is true
• B)I and II only are true
• C) I and III only are true
• D) II and III only are true
• E)all the above are true.

---

Definitions:

Magnuson-Moss Warranty Act

A federal law established to protect consumers from deceptive warranty practices, ensuring warranties on consumer goods are clear and terms are fully disclosed.

FTC Act Section

Specific provisions within the Federal Trade Commission Act, which regulates business practices and protects consumers.

Lanham Act

The primary federal trademark statute in the United States, providing protection against trademark infringement and unfair competition.

Truth In Lending Act

A national statute aimed at encouraging the knowledgeable utilization of consumer credit through mandating the revelation of its conditions and expenses.