In Which of the Following Ways Are Product and Customer

question 57

Multiple Choice

In which of the following ways are product and customer structures similar?

• A) They both increase companies' ability to leverage global scale economies.
• B) They both increase the international orientation of all managers.
• C) They both boost responsiveness to changing market conditions.
• D) They both result in ambiguous lines of authority.

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Definitions:

Individual Insurance Plan

A health insurance policy purchased by an individual, as opposed to being provided by an employer.

Group Benefit

An advantage or favorable outcome obtained by a team or group, often in the context of workplace incentives or shared services.

Cash Balance Plan

Retirement plan in which the employer sets up an individual account for each employee and contributes a percentage of the employee's salary; the account earns interest at a predefined rate.

Predetermined Rate

A fixed charge, wage, or value established in advance for transactions, services, or labor, often based on standard criteria or prior agreements.