When a Firm Redesigns a Product to Reduce the Number

question 160

Multiple Choice

When a firm redesigns a product to reduce the number of component parts,the firm is

• A)increasing consumer value.
• B)increasing the value added to the product.
• C)decreasing product variety.
• D)decreasing non-value-added costs.

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Definitions:

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Distinctive traits or features that define a person, object, or concept.

Executive

An individual or group in charge of managing the daily operations of an organization and making significant corporate decisions.

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The establishment and enforcement of rules or laws by a governmental authority to control or manage specific activities or industries.

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