Which of the following is the best definition of product features?
A. The things a product does that provide benefits to the customer
B. Mechanical efforts or activities a company provides that add value to a product
C. Specific design characteristics that allow a product to perform certain tasks
D. How a product is conceived, planned, and produced with the necessary functions
E. The physical appearance of a product
Answer: C
You might also like to view...
Which of the following statements about the Linton yield is (are) true?
I. It is based on the assumption that a cash-value policy can be viewed as a combination of insurance protection and a savings fund. II. It is the average compound annual rate of return required to make the savings deposits in a life insurance policy equal to the policy's guaranteed cash value at the end of a specified period. A) I only B) II only C) both I and II D) neither I nor II
A widespread shift to mass customization has not occurred because firms found that
A. mass production is always better. B. technology introduces a new set of problems. C. production costs were still high. D. the Internet offered a low-cost way to get a lot of orders. E. economies of scale provides a better alternative.
The uniform probability distribution is used with
a. a continuous random variable. b. a discrete random variable. c. a normally distributed random variable. d. any random variable, as long as it is not nominal.
In an initial trial of radio frequency identification (RFID) tags on garments in 2007, American Apparel found that inventory shrinkage, a reduction in inventory, was 20 percent, double the retail industry average. The inventory shrinkage was a result of ____
a. Employee theft b. being soft on shoplifting c. lax internal controls over shipping and delivery d. all of the above