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.
Correct Answer:
Verified
Q53: When a company achieves mass customization via
Q59: The cost to manufacture one unit of
Q60: Rinker Audio Products has wide product variety
Q61: Which of the following is true of
Q62: Which of the following holds true for
Q63: Which of the following products is best
Q67: Which of the following terms refers to
Q68: Which of the following is a step
Q69: When should a firm concentrate its production
Q72: A product's value-to-weight ratio affects location decisions
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents