In the United States and in other countries, the ________ is the principal institution which guides producers and consumers in most product safety decisions

a) licensing system
b) warranty system
c) institution of liability
d) institution of regulation

C

Business

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Which of the following is NOT an example of product-oriented mission statements?

A) "We are an online library." B) "We run theme parks." C) "We sell athletic shoes." D) "We sell memorable experiences." E) "We rent hotel rooms."

Business

Which one of the following statements on the concept of gaining focus is BEST?

A) Focused factories maximize the amount of customization. B) Small sizes of many focused factories make it difficult to compete on the basis of shorter lead times. C) Plants within plants are different operations within a facility that can have individualized competitive priorities and processes. D) Focused factories are large factories producing all the products that the company offers.

Business