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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.


Definitions:

Quality Circle

A group of workers who voluntarily meet regularly to identify, analyze, and solve work-related problems.

Organization's Structure

The way in which a company or institution is organized, including its hierarchy, departmentalization, and distribution of roles and responsibilities.

Power Distance

A cultural dimension that reflects the extent to which inequality in power is accepted and endorsed by society and its individuals.

Groupthink

A psychological phenomenon where the desire for consensus within a group leads to irrational or dysfunctional decision-making outcomes.

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