Which of the Following Is Characteristic of an Industry That

question 129

Multiple Choice

Which of the following is characteristic of an industry that is experiencing commoditization?

• A) The products are becoming more unique.
• B) The products are not technological in nature.
• C) The products are competing more on price.
• D) The products are becoming more differentiated.

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Definitions:

Service Systems

Configurations of technology, processes, people, and other resources that provide services to customers.

Process-Oriented Facilities

Facilities designed to manage and improve the processes involved in production or service delivery, focusing on workflow and efficiency.

Dynamic Scheduling

A strategic approach to arranging, controlling, and allocating resources and tasks in real-time to optimize workflow and efficiency.

Rapid Changes

Swift transformations or modifications in conditions, technology, market dynamics, or operational processes.