When a Company Determines How and Where a Product or Service

question 41

Multiple Choice

When a company determines how and where a product or service is to be manufactured,the level of vertical integration in the production process,the deployment of physical resources,and relationships with suppliers,the company is developing its ________ strategy.

• A) marketing
• B) operations
• C) R&D
• D) financial
• E) human resource management

Identify the characteristics and applications of naturalistic observation.

Understand the principles of systematic observation and its applications.

Identify the ethical considerations and challenges associated with participant and naturalistic observation.

Comprehend the role of observer objectivity and bias in observational research.

---

Definitions:

External Benefits

Positive effects of a production or consumption activity on individuals or society who are not directly involved in the transaction.

Subsidizing Production

Financial assistance provided by the government or other institutions to reduce the cost of producing goods or services and encourage increased output.

Negative Externalities

A situation where a third party suffers from a decision or action made by others, typically not reflected in the market price.

Positive Externalities

Benefits enjoyed by third-party individuals or the society at large, which result from an economic activity but are not reflected in the market prices.