Changing a Product in Some Way to Make It More

question 113

Multiple Choice

Changing a product in some way to make it more appropriate for a country's climate or preferences is an example of which type of product strategy?

• A) product extension
• B) product customization
• C) product adaptation
• D) product invention
• E) product integration

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Definitions:

Cost Formula

An equation used to calculate the total cost of production, involving fixed and variable components.

Vehicle Operating Cost

refers to the expenses associated with using a vehicle, including fuel, maintenance, insurance, and depreciation.

Cost Formula

An equation used to determine the total cost of production, incorporating variable and fixed costs.

Wages and Salaries

Compensation paid to employees for their services, which can be based on time spent or tasks performed.