Which of the Following Shows How a Product Was Improved

question 52

Multiple Choice

Which of the following shows how a product was improved by modifying a product attribute? 

• A) A soft drinks manufacturer deleted one of its drinks due to low sales.
• B) The large casino in Reno began advertising on the Internet.
• C) A dairy products manufacturer introduced mega-packs of sliced cheese which are sold at lower prices.
• D) A company that sells packaged seafood and meat added a pamphlet of recipes to each package of its seafood.

Grasp the concept of compensating differentials and its application in job selection and wage differences.

Analyze the arguments regarding compensation of nationally-prominent college athletes in terms of human capital investment.

Comprehend the reasons behind wage disparities such as education, skills, job responsibilities, and working conditions.

Recognize the role of consumers in perpetuating discrimination in labor markets.

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Definitions:

Albert Bandura

A psychologist known for his work on social learning theory, emphasizing the role of observation and imitation in learning.

Reactive

Describes a person or system that responds to stimuli or events after they have occurred, rather than anticipating or initiating actions.

Passive

A quality or state of acceptance or submission without active response or resistance.

Model

A simplified representation or framework of a process or phenomenon, used to explain, predict, or understand its behavior.