In the Context of Product Modification, Reducing a Product's Quality

question 3

Multiple Choice

In the context of product modification, reducing a product's quality:

• A)provides new opportunities for market segmentation.
• B)lets a manufacturer lower the price of the product.
• C)results in increased brand loyalty or new opportunities for market segmentation.
• D)helps firms cater to the upper classes effectively.

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Definitions:

Software Company

A business entity that specializes in developing, distributing, and maintaining software applications or systems.

Maslow's Theory

A psychological framework suggesting that human beings have a hierarchy of needs ranging from basic physiological needs to self-actualization, motivating their behavior.

Extrinsic Rewards

Benefits provided by an external source, such as an employer, to motivate individuals, including financial incentives, bonuses, and other non-inherent rewards.

Intrinsic Rewards

The personal satisfaction and fulfillment that an individual derives from performing a job well, arising from internal factors such as a sense of achievement or personal growth.