A Good or Service or a Resource Is Nonrival If

question 94

Multiple Choice

A good or service or a resource is nonrival if

• A) it is possible to prevent someone from enjoying its benefits.
• B) it is not possible to prevent someone from enjoying its benefits.
• C) its use by one person decreases the quantity available for someone else.
• D) its use by one person does not decrease the quantity available for someone else.

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Definitions:

Product Customization

The process of tailoring a product to meet the specific needs or preferences of individual customers.

Dual Adaptation

A strategy where both the product and the marketing approach are modified to suit different markets or cultural practices.

Dual Integration

A business strategy that involves a company integrating both vertically (controlling supply chain processes) and horizontally (expanding product lines or markets) to enhance control and market power.

Product Invention

The creation of a completely new product that did not previously exist, often involving innovation and the development of new technologies or ideas.