NBIC (National Bicycle Industrial Company) of Japan specializes in mass customization to cater to the changing demands of its customers. Customers can choose the frame and other parts of the bicycle and it is made according to their order. This is one example of how NBIC uses
A) cooptation.
B) flexible processes.
C) smoothing techniques.
D) benchmarking.
E) diversification.
B) flexible processes.
Explanation: Flexible processes are methods for adapting the technical core to changes in the environment. For example, firms increasingly try to customize their goods and services to meet the varied and changing demands of customers.
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The first step in establishing a product price is to determine the firm's pricing ________
Fill in the blanks with correct word
Which of the following is true about a lead policy?
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Explain why an acquisition is better than a greenfield venture.
What will be an ideal response?