Which of the Following Are Ways That Cost Reduction Can

question 23

Multiple Choice

Which of the following are ways that cost reduction can be achieved by following a program of global marketing?

• A)standardized packaging.
• B)customized products.
• C)using old products from one market for another.
• D)hiring more workers.
• E)eliminating warranties.

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Definitions:

Donuts

A sweet, fried or baked pastry often shaped in rings or filled with various sweet fillings.

Price Ratio

Price Ratio is a comparative metric that divides the price of one good, asset, or commodity by another, often used to assess relative value or performance.

Diamond/Water Paradox

A paradox stating that (1) the things with the greatest value in use frequently have little or no value in exchange and (2) the things with the greatest value in exchange frequently have little or no value in use.

Value in Use

The utility of a product based on its ability to fulfill the needs of the user.