When demand for toys produced by Bean Toyz was at its highest, manufacturers purposefully maintained strong demand by limiting supply, which drove the price of Beanie Babies up. Compare the actions of these manufacturers to the production concept
What will be an ideal response?
The production concept holds that consumers favor products that are available and affordable. According to this concept, manufacturers work to improve production and distribution efficiency. Bean Toyz manufacturers purposely limited production, making their products less available and less affordable, a technique that contradicts the philosophy of the production concept.
You might also like to view...
A measure of central tendency given as the value that occurs the most in a sample distribution is called the median
Indicate whether the statement is true or false
Which of the following seems to be most important with regard to recruiter demographics?
A) The recruiter should be of the opposite sex as the recruit. B) The recruiter should be the same ethnicity as the recruit. C) The recruiter should be at the same job level as the position being recruited for. D) The recruiter needs to be able to relate to a recruit's value system and drive.