GMC. Except GMC now also says "We are professional grade" as well
Answer:
The correct answer is option c.
Explanation:
Monopolistic competition is a market structure where there is a large number of sellers producing differentiated products. The market is fragmented because of product differentiation.
The entry and exit in the market are relatively easy with no or very low restrictions. Because of free entry and exit, the firms can earn positive profits only in the short run.
In the long run, other potential firms enter the market increasing the market supply and reducing the profit and price level. So firms can earn only normal profits in the long run.
Answer:
The correct answer is letter "A": Operational control.
Explanation:
Operational control comprises the steps companies take to determine how the firm will conduct its operations. Operational control is the handbook for operations managers where the procedure for each activity in the company is explained in detail so, in front of malpractices, managers will have a clear idea on how to make assessments.
Answer: the variety of outputs
Explanation:
Process focus is a startegy on low volume, high variety. Mass customization is the ability of a company to mass produce products efficiently in order to meet the wants and needs of the customers.
One of the similarities between product focus and mass-customization is the variety of product.
Answer: it is a focus group
Explanation: because it is more than one person and more than two
