In product modification, three conditions must be met to improve a firm's product mix: the product must be modifiable, customers must be able to perceive that a modification has been made, and
A. a modification should make the product more consistent with customers' desires.
B. competing companies should not be aware of planned product modifications.
C. a modification should change customers' desires to provide greater satisfaction.
D. management must perceive the modification as a reasonable and necessary action.
E. production costs and materials needed should be limited.
Answer: A
You might also like to view...
Which statement is true of using stock options as incentive pay?
A. Low-level employees with stock options are more likely to think like owners than executives who have stock options. B. Stock options require an option holder to purchase the organization's stocks at its present market rate. C. Stock options are rewarding for employees who exercise their option when the company's stock value has risen. D. The use of stock options ensures that managers add value in terms of efficiency and customer satisfaction. E. A company's performance in the stock market tends to be significantly better if its low-level employees are provided stock options.
Under a standard cost system, the journal entry to record direct labor includes ________.
A) a debit for standard direct labor quantity for actual production times standard direct labor cost per hour B) a credit for standard quantity usage for actual production times actual cost per hour C) a debit for actual quantity times standard cost per hour D) a credit for standard quantity for actual production times standard cost per hour
The systems approach recognizes that an organization is an ______ system because it interacts with and is affected by the external environment.
a. internal b. asymmetric c. emergent d. open
At Comfort Homes, a manufacturer of furniture and home accessories, the global operating units report directly to the chief executive instead of a head of an international division
The company recruits management from many countries and buys components and supplies where they cost the least. Comfort Homes is most accurately classified as a(n) ________. A) direct exporter B) geographical organization C) international subsidiary D) global organization E) world product group