Planters Sell the Same Peanuts to All Final Customers, but Modify

question 24

Multiple Choice

Planters sell the same peanuts to all final customers, but modify the packaging depending on the size of the distributor. This is an example of _____.

• A) mass production
• B) product differentiation
• C) lean production
• D) mass customization

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Definitions:

Stratification

A sociological term referring to the classification of individuals or groups into different levels of socioeconomic tiers based on factors like wealth, race, education, etc.

Socioeconomic Status

An individual's or group's position within a hierarchical social structure, which is often determined by a combination of income, education, and occupation.

Social Welfare Programs

Initiatives designed to provide assistance to individuals and families in need, often including health care, education, and financial aid.

Disengagement Theory

A theory of aging that suggests an inevitable withdrawal from social roles and relationships as people age, leading to increased individual and societal well-being.