Suppose an individual buyer purchases three pairs of shoes each year at $50 each pair and that there are 50 million such consumers in the economy. Compute the total market potential for shoes

Products that use standard components but the final configuration of those components is customer-specific are known as:

A) make-to-stock. B) assemble-to-order. C) make-to-order. D) engineer-to-order.

In a service process, the greater the emphasis on intangible activities is, the more critical is the training and retention of skilled employees and the development and maintenance of the firm's knowledge assets

Indicate whether the statement is true or false.