Define the terms industry, category, and customer need
What will be an ideal response?
Marketers use the term market to describe the collective set of customers buying products or services from sellers;
the sellers making products or services that are substitutes for each other constitute the industry. A subset of an
industry is a category, which is a group of competing firms in a segment of an industry. Customer need is the need
that a certain product actually fulfils in a market. It is a better way of defining a particular market, than actual
physical format.
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Which of the following statements is true of Article 2?
A. Article 2 applies to bonds, information, and other intangibles. B. Article 2 applies to contracts for the sale of real estate or stocks. C. Article 2 does not apply to service contracts. D. Article 2 does not apply to contracts for the sale of goods.
Content analysis could be profitably employed in the analysis of structured questions
Indicate whether the statement is true or false
Brad has strong work engagement in his position as an engineering technician, suggesting that he has injected the self into the job
Indicate whether the statement is true or false.
It takes one day for Peter Gibbons to complete a TPS report and attach the cover sheet. During that day, Peter spends about 15 minutes a day performing actual work and the other 7 hours and 45 minutes spacing out
Which of the following statements is correct? A) Peter's cycle time is 7 hours and 30 minutes. B) Peter's efficiency is 25%. C) Peter's productivity is 8 hours per TPS report. D) Peter's percent value-added time is just over 3%.