Keeping a Product Generic as Long as Possible Before Customizing

question 90

Multiple Choice

Keeping a product generic as long as possible before customizing is known as

• A) postponement
• B) keiretsu
• C) vendor-managed inventory
• D) forward integration
• E) backward integration

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Definitions:

One-Shot Illusory Correlation

The cognitive bias to form a strong association between two unconnected events based on a single occurrence.

Hispanic Student

A student of Hispanic or Latino origin, which implies a background or heritage associated with Spanish-speaking countries, especially within Latin America.

Confirmation Bias

The tendency to notice and search for information that confirms one’s beliefs and to ignore information that disconfirms one’s beliefs.

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