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Author Question: Would a new car equipped with a bumper jack, jack handle, spare tire, and warranty be the same ... (Read 121 times)

Caiter2013

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on: Jul 14, 2018
Would a new car equipped with a bumper jack, jack handle, spare tire, and warranty be the same product as the same car without these features? Explain.

Question 2

All of the following are reasons for a greater focus on quality by U.S. firms except
 A) competition from foreign firms.
  B) customers that are more demanding.
  C) unpredictability on Wall Street.
  D) poorer financial performance.
  E) reduced market share.


sailorcrescent

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Reply #1 on: Jul 14, 2018
Answer to Question 1

Since a product is everything one receives in an exchange, including all tangible and intangible attributes and expected benefits, no, the new car with additional features and accessories is not the same product as the car without these accessories.

Answer to Question 2

C


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