Which Is Not a Benefit of Standardization of Products

question 91

Multiple Choice

Which is not a benefit of standardization of products?

• A)Fast global roll-outs are possible.
• B)Consumer perceptions of a global brand may be enhanced.
• C)Product costs may be decreased by varying local inputs.
• D)Lower input costs may be achieved through volume purchasing.

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Definitions:

Cost Data

Information regarding the expenses incurred in the production, operation, or undertaking of a project, activity, or product.

Monopolistically Competitive

An arrangement in the economy where countless firms are selling products that look similar but are unique, thus permitting them a slight advantage in the market.

Product Differentiation

The method of differentiating a product or service to appeal more to a specific target market.

Differentiation

The process of distinguishing a product or service from others to make it more attractive to a particular target market.