James employs an apprentice in his guitar store who gets firsthand knowledge of craftsmanship and the process involved in becoming a professional luthier. This allows James to have a reliable hand who can assist him in his work without requiring him to hire a professional luthier. It also enables him to use his financial resources on procuring high-quality materials to make the guitars. The opportunity of _____ is highlighted in the given scenario.
A. having lower overhead costs
B. exploiting market niches
C. using technology
D. providing personal customer service
Answer: A
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a. True b. False
Will promotion-expenditure strategy for a product in the growth stage of the product life cycle be different from that for a product in the maturity stage? Discuss.
What will be an ideal response?
The final value in the variable cells of the sensitivity report of nonlinear programming models can indicate:
a. The initial solution for the decision variables. b. The optimal solution for the decision variables. c. A range of optimal solutions for the decision variables. d. Any of the above
A landlord may refuse to rent an apartment to someone with children
Indicate whether the statement is true or false