Which of the Following Is a Consequence of Standardizing an International

question 57

Multiple Choice

Which of the following is a consequence of standardizing an international product?

• A) image consistency
• B) regional design flexibility
• C) decreased product demand
• D) increased manufacturing costs
• E) higher marketing costs

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Definitions:

Misallocated Resources

Occurs when resources (like labor, capital, or materials) are not used in the most effective manner, often leading to inefficiencies or lost potential in production or service delivery.

Inequitable

Refers to a lack of fairness or justice in a situation or distribution of resources.

Public Goods

Commodities or services that are provided without profit to all members of a society, either by the government or a private individual or organization.

External Costs

Costs incurred as a result of an economic activity that are not reflected in the market price, often shouldered by society or the environment.