Author Question: Convergence of consumer preferences has led to an enhanced emphasis on standardization, which ... (Read 100 times)

arivle123 · **on:** Feb 14, 2021

Question 1

Companies strive to drive down prices ________, among other strategies.
◦ by centralizing manufacturing and procurement to a single source
◦ by standardizing what they sell
◦ by thwarting the growth of supranational institutions
◦ by discouraging competition

Question 2

Convergence of consumer preferences has led to an enhanced emphasis on standardization, which implies that ________.
◦ the consistently rising prices of consumer goods have led to a demand vacuum in the market
◦ the distance between consumers worldwide has increased with the advent of technology
◦ the raw materials, parts, and components sourced by professional buyers are very similar in design and structure
◦ the globalization of services has adversely affected the quality of service worldwide

cadimas · **Reply #1 on:** Feb 14, 2021

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