Which of the following is a limitation seen in organizations taking a low-cost approach to
product development?
A) Demand for the product is limited to a niche market.
B) Time taken for development is very long.
C) Profit margins are very low.
D) Products cannot be differentiated.
D
Business
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Business Buyer decisions can range from routine to incredibly complex, involving only a few or very many decision-makers and buying influences. There are three major types of buying situations that businesses adopt. The modified rebuy buying decision is a situation wherein the buyer modifies product specifications BUT leave prices, terms, and suppliers the same.
Indicate whether the statement is true or false.
Business
Which among the following is commonly called the civil law?
A. Shari'a B. common law C. public law D. the Romano-Germanic legal system
Business