Identify the approach to mass customization where customizers talk to customers to help determine their needs, identify the exact product meeting those needs, and then make the customized product for them
A) collaborative customizers
B) adaptive customizers
C) cosmetic customizers
D) transparent customizers
A
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Coding unstructured questions is relatively simple, since the response options are predetermined
Indicate whether the statement is true or false
The advantages of using a licensing strategy to participate in foreign markets include
A. being especially well-suited to achieve scale economies. B. being able to achieve higher product quality and better product performance than with an export strategy. C. being able to achieve first-mover advantages quickly and easily. D. being able to leverage the company's technical know-how, appealing brand, or patents without committing their resources or capabilities to foreign markets. E. being able to charge lower prices than rivals.
Financial statements are typically prepared in the following order:
A. Income statement, balance sheet, statement of retained earnings. B. Statement of retained earnings, balance sheet, income statement. C. Balance sheet, income statement, statement of retained earnings.. D. Balance sheet, statement of retained earnings, income statement. E. Income statement, statement of retained earnings, balance sheet.
Decisions are made when there are not only multiple states of nature, but they are also unpredictable and the decision maker cannot even make an educated guess about the chances, or probabilities, of their coming. This statement relates to which of the following scenarios?
a. decisions under certainty b. decisions under uncertainty c. decisions under state of nature d. decisions under risk