'Walkmans' That Played Audio Cassettes Were Withdrawn from the Market

question 100

Multiple Choice

'Walkmans' that played audio cassettes were withdrawn from the market by Sony Corporations soon after MP3 players became popular among consumers.Which of the following factors is most likey to have led to this outcome?

• A)Scarcity
• B)Corporate governance
• C)Consumer sovereignty
• D)Corporate social responsibility
• E)Tragedy of Commons

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Definitions:

Zero Defects

A performance standard aiming for no defects in the production process to enhance product quality.

Finished Products

Goods that have completed the manufacturing process and are ready to be sold to customers.

Direct Materials Used

The raw materials directly traceable to the production of goods, considered part of the cost of goods sold.

Direct Labor

The expense associated with paying workers who directly contribute to manufacturing products or delivering services.