What Is the Most Likely Way for Consumers to Benefit

question 220

Multiple Choice

What is the most likely way for consumers to benefit because a firm uses a strategy of one product for multiple market segments?

• A)increased satisfaction of consumer wants and needs
• B)increased number of choices
• C)lower retail prices because of lower production costs
• D)improved service

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Definitions:

Long-Range Strategic Plans

Strategic plans that outline an organization's goals, strategies, and actions over an extended period, usually three to five years or longer, to achieve long-term objectives.

Voluntary Family Activities

Activities organized and participated in by employees and their families outside of work, often sponsored or supported by the employer to promote work-life balance.

Duty to Accommodate

The legal and ethical obligation of employers to adjust working conditions or procedures to address the needs of employees with disabilities.

Canadian Human Rights Act

Legislation in Canada that prohibits discrimination on various grounds such as race, gender, and disability.