Which of the following is a major disadvantage of customizing products to suit local markets?
A) Customization is likely to increase the costs and operational complexity.
B) Customized products attract more taxes and duties.
C) Customization reduces the diversity of a company's offerings.
D) Customization prevents companies from obtaining subsidies.
E) Customers' preferences will likely be ignored when using customization.
Answer: A
Explanation: Customization can help companies accommodate the lifestyles and habits of local target markets. However, it can increase costs and operational complexity.
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A combination of business interests—including corporations, trade associations, and peak associations—united to pursue a political goal is known as a(n):
A. institution. B. legation. C. coalition. D. agency.
Which of the following questions is most relevant to Retepson's decisions with respect to the viability of its business model?
A) Does Retepson currently have high market share or low market share in the industries in which it competes? B) Has Retepson been profitable throughout its history? C) Would the profit margins of any new businesses be higher or lower than current profit margins? D) To what extent will college students be likely to choose books to get information about colleges? E) Are people who bought Retepson books in the past likely to buy new editions of those books after they leave college?