An American automaker operating in the Asian and the European markets designs various models around a standardized platform
The firm adds parts, features, and regular units to this basic standardized platform according to the preferences of its customers. This exemplifies ________.
A) segmentation
B) customer relations management
C) brand dilution
D) modular architecture
D
Business
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A natural monopoly occurs if having more than one supplier would result in an uneconomical duplication of facilities
Indicate whether the statement is true or false
Business
Which of the following describes a situation in which an employee exerts less effort than the owner desires because the owner cannot accurately monitor and enforce the employee's effort?
A) Moral hazard. B) Employee hazard. C) Situational hazard. D) Professional hazard. E) Occupational hazard.
Business