Which of the Following Statements Is True of Industrial Products

Multiple Choice

Which of the following statements is true of industrial products such as steel?

A) They serve needs that are the same all over the world.
B) They have drastic national differences in consumer taste and preference.
C) The need for local responsiveness for these products is more than consumer products.
D) It makes sense to produce these products in multiple locations close to major markets.
E) A plant must operate at the highest minimum efficient scale of output for these products.