The production of no frills goods to maintain a low-cost position:
A)involves removing all extras from the basic product or service
B)involves the use of customised component parts
C)always involves short-term profits through the use of inexpensive labour
D)involves replacing technology to personalised services

Question

Quizplus · Accepted Answer

No frills goods are products that are designed to have only the basic features and functions necessary for their purpose. This involves removing all extras from the basic product or service, which allows the company to maintain a low-cost position. By focusing on the essentials, the company can reduce its production costs and offer a more affordable product to consumers.

The Production of No Frills Goods to Maintain a Low-Cost