Which of the following is true of a product that serves universal needs?
A. It becomes necessary to customize the product to suit small consumer groups.
B. It becomes necessary to accommodate demands for local responsiveness.
C. It increases the attractiveness of concentrating production at an optimal location.
D. It is difficult to serve national differences in consumer taste and preference.
E. It is always attractive to globally disperse production to all major markets.
C
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A salesperson is holding an open house. A married couple looks at the house and tells her the house is just what they have been looking for but they had signed a contract to purchase a house down the street the day before. The salesperson tells them that they can sign a contract with her to purchase this house and simply not complete the purchase of the house that they had contracted to buy the day before. In this situation the salesperson has:
A. Properly represented her principal and therefore acted correctly. B. Committed an unfair practice by inducing a party to break a contract. C. Acted properly as long as she notifies her broker of her intentions. D. Acted properly because she did not initiate the discussion.
Which of the following is true regarding the concept of flexibility?
A) It is the ability to respond with little penalty in time, cost, or customer value. B) It may be accomplished with digitally controlled equipment. C) It may involve modular or movable equipment. D) All of the above are true. E) None of the above is true.