Changing One or More of a Product's Characteristics Is Called

question 97

Multiple Choice

Changing one or more of a product's characteristics is called:

• A) product modification
• B) product repositioning
• C) product adjustment
• D) planned obsolescence
• E) product extension

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Definitions:

Economic Underdevelopment

A situation in which a country or region does not fully utilize its resources, resulting in low economic productivity and a lower standard of living.

Dependency Theorists

Scholars who argue that economic disparities between nations stem from the exploitation of poorer countries by wealthier ones.

Brutality

Savage physical violence; great cruelty or a brutal act that demonstrates a lack of humanity or consideration.

Economic Enrichment

An increase in wealth or resources in an economy, leading to better quality of life and economic development.