Customizing a Product to Suit the Specific Needs of a Market

question 5

True/False

Customizing a product to suit the specific needs of a market will enhance the quality of a product more than just selling products that use the latest technology.

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Definitions:

Reciprocal Arrangements

Agreements between two parties where each offers concessions or benefits to the other to maintain a cooperative relationship.

Organizational Buying Criteria

The specific attributes or factors that a business considers when making a purchasing decision, such as price, quality, service, and supplier reputation.

Supplier's Products

The goods or services provided by a supplier to retailers or distributors for the purpose of resale or incorporation into another product.

Capabilities

The qualities, skills, or resources a person or organization has that enable them to perform or achieve certain actions or outcomes.