Firms would prefer buying component parts, or an entire product, from independent suppliers to protect proprietary product technologies
The level of output at which most plant-level scale economies are exhausted is referred to as the minimum efficient scale of output
D. recommends that only one product should be defective in thousand products
Making all or part of a product in-house is beneficial when the firm intends to build valuable capabilities over time
A production process would create just 1 defect per six thousand products at Six Sigma.
Lowering the costs is one of the objectives of the production and logistics function of an international firm.
Organizations are under pressure to produce products in the optimal location and to serve the world market from there if their products have low value-to- weight ratios.
Start studying Chapter 13: Product Advertising and Liability. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
TorF Misuse of a product is a defense in a product liability suit.
TorF Improper packaging that results in an injury can be a basis for product liability.
New products are categorized as unsought products until advertising and distribution increase consumer awareness of them.
They require wide distribution in order to sell sufficient quantities.
Firms widen their product mix to capitalize on established reputations.
46. This shopping label is used primarily on perishable products.
D. Usually does not cover the engine cooling system.