Which of the Following Is True of Product Planning

question 39

Multiple Choice

Which of the following is true of product planning?

• A) If customers differ in their preferences, firms will often resort to a platform strategy.
• B) Firms that take a domestic approach to new products, on average, do better than those that develop products for multinational markets.
• C) If customer needs are very different; one way is to sell a global product that does not scale economies.
• D) Firms adopt a "global" strategy to use several platforms to provide a single product across multinational markets.

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Definitions:

Required Reserves

Required Reserves refer to the minimum reserve of cash that banks must hold either in their vaults or on deposit with the central bank, as mandated by financial regulations.

Total Reserves

The sum of a bank's deposits held in the central bank plus its cash on hand, serving as a buffer against potential withdrawals.

Lend Reserves

The practice by financial institutions of providing loans out of their reserves, often influencing the money supply in the economy.

Money Supply

All monetary resources that are accessible in an economy at a particular timeframe, including but not limited to cash, coins, and the deposits in checking and savings accounts.