When Procter & Gamble Removed Potentially Dangerous Dyes and Chemicals

question 164

Multiple Choice

When Procter & Gamble removed potentially dangerous dyes and chemicals from its Tide detergent product and introduced Tide Free they were making a(n) :

• A) product line contraction
• B) quality modification
• C) aesthetics modification
• D) obsolescence factor
• E) functional modification

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Definitions:

Losses

The negative financial result from business activities when costs exceed revenues.

Gains

Increases in economic benefits, such as profit, revenue, or utility, often resulting from investments, trade, or improvements in productivity.

Precommitments

Actions taken ahead of time that make it difficult for the future self to avoid doing what the present self desires. See time inconsistency and self-control problems.

Imposed Costs

Costs that are not chosen but are forced on a party, often by external factors or requirements such as government regulations, taxes, or fines.