Which of the Following Statements Is True of Industrial Products

question 91

Multiple Choice

Which of the following statements is true of industrial products such as steel?

• A)They serve needs that are the same all over the world.
• B)They have drastic national differences in consumer taste and preference.
• C)The need for local responsiveness for these products is more than consumer products.
• D)It makes sense to produce these products in multiple locations close to major markets.
• E)A plant must operate at the highest minimum efficient scale of output for these products.

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Definitions:

Personality Inventory

A questionnaire or assessment tool used to evaluate a person’s character traits, behaviors, and attitudes.

Projective Test

A type of personality assessment instrument in which respondents project their own underlying motivations, beliefs, or feelings onto ambiguous stimuli.

Situational Variables

External factors that can influence the outcome of experimental research, including the environment in which subjects perform tasks.

Humanistic

A psychological approach that emphasizes individual potential for growth and stresses the importance of self-actualization and personal fulfillment.