Grade refers to one of many quality levels that a product or service has relative to the inclusion or exclusion of certain characteristics to satisfy customer needs

Indicate whether the statement is true or false


T

Business

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Product adaptation involves ________

A) altering the product to meet local preferences with no change in communication strategy B) altering the product to meet minimum acceptable standards C) altering both the product and the communication strategy to meet local preferences D) altering neither the product nor the communication strategy while entering a new market E) developing a new product and adapting the communication strategy to enter a new market

Business

Which of the following components of a compensation plan rewards experience and competence?

A) salary B) commission C) bonus D) incentive payment

Business

Which of the following is not a business resource?

a. raw material b. labor c. information d. all are business resources

Business

Delayering is a work design change that involves:

A. cutting down the number of work levels B. creating more number of supervisory jobs C. reducing the budget allocated to individual departments D. establishing an ergonomic workflow E. creating a union-free workforce

Business