Which of the Following Is True of a Product That

question 65

Multiple Choice

Which of the following is true of a product that serves universal needs?

• A) It becomes necessary to customize the product to suit small consumer groups.
• B) It becomes necessary to accommodate demands for local responsiveness.
• C) It increases the attractiveness of concentrating production at an optimal location.
• D) It is difficult to serve national differences in consumer taste and preference.
• E) It is attractive to globally disperse production to all major markets.

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Definitions:

Social Trend

A general direction in which society’s behaviors, preferences, and values are moving.

Health and Wellness

A holistic approach to living that involves making conscious choices towards a healthy and fulfilling life, encompassing physical, mental, and social well-being.

Environmental Legislation

Laws and regulations enacted by governments to protect the environment from harm caused by human activities, focusing on pollution control and resource conservation.

Marketing Opportunity

A potentially favorable condition in which a business can capitalize on a changing trend or an increasing demand for a particular product or service in its market.