Technology That Can Function Like Mass Production Where a Client

question 168

Multiple Choice

Technology that can function like mass production where a client is passed from point to point for various aspects of service delivery is defined as __________ technology.

• A)Mediating.
• B)Long-linked.
• C)Intensive.
• D)Continuous-process.
• E)Service.

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Definitions:

Profitability

A financial metric measuring the degree to which a company or activity generates income greater than its costs, typically expressed as a percentage of revenue.

Experience Curve

A concept that suggests costs decline over time as a result of gained experience and increased efficiency.

Pricing Strategy

A plan or approach a company uses to set the prices for its products or services, aiming to balance competitiveness with profitability.

Product's Life Cycle Stage

The phase that a product goes through during its market life, including introduction, growth, maturity, and decline, affecting marketing strategy and profitability.