Consider a restaurant that aims to sell meals with high quality. Will this restaurant be less responsiveness in term of price? O True False

Which of the following would not generally be considered a characteristic of a functional product?   Select one: a.   Long product life   b.    Low obsolescence   c.   Low product variety   d.   High profit margins

Many organizations have differentiated themselves in the marketplace by their "low cost" value proposition to customers (i.e. Spirit Airlines, Dollar Tree, Walmart, and Aldi). To achieve this, the organization fine-tunes their business model to remove as many overhead costs and unnecessary costs so it may pass those savings on to its customers.  Select a domestic or international business that has a "low cost" value proposition to its customers and consider the following questions: How does it market itself? How does a low-cost operating structure make them stand out and succeed in the market? Is "low cost" a sustainable model for this company? Evaluate this strategy from an ethical perspective.

Individualised service. You must choose one. Items with several uses Products and services tailored to a certain system Generic alternatives?