Technology Followership Can Be Used to Support

question 48

Multiple Choice

Technology followership can be used to support

• A)only a low-cost strategy.
• B)only a differentiation strategy.
• C)both low-cost and differentiation strategies.
• D)scale economies but not economies of scope.
• E)economies of scope but not scale economies.

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Definitions:

Sale-Or-Return Contracts

Agreements where goods are provided to a buyer with the option to purchase or return them within a specified period.

Mixed Sale

A transaction that involves both goods and services, requiring different legal considerations than the sale of pure goods or services alone.

Uniform Commercial Code (UCC)

A statutory source of contract law in the United States applicable to transactions involving the sale of goods. The UCC was created in 1952 and adopted by all 50 states, the District of Columbia, and the Virgin Islands; it may be modified by each state to reflect the wishes of the state legislature.

Service-Warranty Test

A legal analysis used to determine whether a transaction involves a service contract or a warranty under consumer protection laws.