Which of the following statements is true of industrial products such as steel?
A. They serve needs that are the same all over the world.
B. They have drastic national differences in consumer taste and preference.
C. The need for local responsiveness for these products is more than consumer products.
D. It makes sense to produce these products in multiple locations close to major markets.
E. A plant must operate at the highest minimum efficient scale of output for these products.
A
You might also like to view...
Joe Girard's "Ferris Wheel" concept assumes which of the following?
A) The optimal ratio of customers to prospects is 66 percent. B) If the customers are sold the correct product and given good service, a company will not lose customers. C) A certain number of customers will be lost every year by most companies. D) Departing customers must be replaced by new customers at an equal rate. E) Salespeople will do better prospecting when they think of the process as a roller coaster.
Dual variables represent the potential value of resources
Indicate whether the statement is true or false