_________ Classifies Designs into Families for Easy Retrieval and Modification

question 14

Multiple Choice

_________ classifies designs into families for easy retrieval and modification.

• A)STEP
• B)Group technology
• C)CPC
• D)FMS

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Definitions:

Artificial Differences

Distinctions created or imposed in a situation or between objects that do not naturally or inherently exist.

Horizontal Differentiation

A strategy where products are made different from those of competitors on aspects other than price, such as quality or features, while aimed at satisfying the same basic need.

Product Mix

The variety of products a company offers for sale to meet market demand and enhance profitability.

Celebrity Endorsement

A marketing strategy where famous personalities are used to promote a product, service, or brand, leveraging their fame and influence.