Which of the Following Is True of a Product That

question 80

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 always attractive to globally disperse production to all major markets.

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Definitions:

Termination Pay

Compensation given to an employee when their employment ends as per the terms of their work contract, often depending on the duration of employment.

Asset Write-downs

Reductions in the book value of assets when their fair market value falls below the carrying value on the balance sheet.

Revenues and Gains

Measures of income for a business, where revenues come from primary operations and gains from secondary activities or the sale of assets.

Peripheral Activities

Secondary or non-core operations of a company that are not essential to its primary business functions.