Discuss the advisability of using modular assemblies in manufacturing. (What are the advantages and disadvantages?) To what extent can these arguments be applied to service products?
What will be an ideal response?
Modules are easily segmented components. They add flexibility to production and marketing. They allow mix-and-match of components (customization at point of customer contact). Use of modules usually means fewer parts, less design and tooling expense. Disadvantages include using a module in a product for which a more specific component would have been better. It also may be possible that a module is more expensive than a product-specific version would be because it has to function properly for multiple products. Modules do exist in services, as in fast-food meals built to customer specification.
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Torts are private wrongs against persons or property.
Answer the following statement true (T) or false (F)
One disadvantage of using the social return on investment measure process is that ______.
A. a cost–benefit analysis cannot be made B. the analysis process is resource intensive C. it cannot be used to measure intangible information D. the data cannot be reported on the Internal Revenue Service Form 990
Annette has made it clear to her daughter, Jennifer that she cannot stay out past 9:00 pm on school nights. Jennifer has come home for the third time past 9:00 pm with no explanation. Annette has decided to take away the privilege of leaving the house for personal reasons. Jennifer can only go to school and to work for the rest of the month. Annette has what type of power over Jennifer?
a. Personal legitimate power b. Organizational coercive power c. Organizational reward power d. Organizational referent power
With the emergence of smartphones, users no longer have to carry a separate music player, a video game, a laptop, or a magazine to keep themselves entertained when traveling. A smartphone is loaded with a variety of applications to satisfy all the customer needs that different industries or products individually satisfied earlier. As a result, the smartphone industry has been posing a threat to a lot of other unrelated industries. What is this phenomenon best known as?
A. backward integration B. product differentiation C. industry convergence D. customer myopia