Which of the Following Statements Is True of Standardization of Products

question 31

Multiple Choice

Which of the following statements is true of standardization of products?

• A)It is easier to convince the customers to switch brands.
• B)They meet customer needs in unique ways.
• C)It makes buyers more loyal to a particular brand.
• D)These products are usually inimitable and of high quality.

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Definitions:

Pay Plans

Structured systems used by organizations to determine compensation for employees, including salary, wages, bonuses, and other financial incentives.

Individual Performance

This term refers to the collective measure of an employee's work in terms of efficiency, quality, and contribution to the organization’s goals.

Japan

A country located in East Asia, known for its rich culture, advanced technology, and strong economy.

Managers' Attitudes

Managers' attitudes encompass their perceptions, feelings, and beliefs about their role, employees, organization, and the broader work environment.