___________ refers to less variety in the design of products, that is, new products are designed such that there is no major variation from the existing products.

Related MCQs

• An inter-disciplinary activity requiring contributions from nearly all the functions of a firm such as marketing, design, manufacturing is
• The fixation of appropriate size, shape, quality, process, weight and other characteristics as to manufacture a product of desired variety and utility is
• _____________is concerned with the design and delivery of advice and financial products.
• The major responsibility of production management is
• The concept of marketing mix as the combination of the major tools of marketing was first developed by
• Which activity involves design of policies and procedures for fair recruitment and selection of human resource?
• A __________ is a name, term, sign, symbol, or design, or a combination of these, that identifies the maker or seller of a product or service
• Product design and development is associated with :
• A good product design must emsure
• A firm should select a financing mix which maximizes its value and the shareholders’ wealth. Such is referred to as