Reorder point is calculated as the purchasing cost per order multiplied by the average inventory usage rate

In the new product development process, a description of the features a product will have and the benefits those features will provide a customer is called a ________

A) product idea B) product concept C) product image D) product innovation E) product adoption

Extensive customization of a product offered in different international markets can defeat which of the following benefits of global trade?

A) lowered production costs B) access to less expensive labor C) access to less expensive materials D) access to new consumer markets E) ability to offset domestic economic cycles