Value engineering is ______.
a. used to improve, at a minimum cost, the functionality of a product without affecting its existing functions and standards
b. used to completely analyze and improve the value of all of the components used to develop a product from its design to its final delivery
c. used to design a product with a view to meet the requirements for a new market
d. used to analyze the process by which market requirements may be satisfied
b. used to completely analyze and improve the value of all of the components used to develop a product from its design to its final delivery
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For marketers, the term market refers to which of the following?
A) a set of touch points such as store layouts and package designs B) a physical place where buyers and sellers gather C) a collection of buyers and sellers who transact over a particular product D) consumers and not businesses E) customer groups
Federal antitrust laws apply to:
A. behavior that substantially affects interstate commerce or international trade. B. behavior that affects external economies other than the U.S. C. any type of nonimport trade. D. intrastate commerce exclusively.
In some countries, writers use a __________ to indicate a decimal point
a. dash b. comma c. hyphen d. colon
Bankruptcy is defined as ________.
A. a wrongful act by one party that results in injury to a second party's person, property, or reputation B. a legal process by which the lender takes away the borrower's right to a property C. a formal legal condition of inability to repay debts D. a body of laws passed by federal, state, and local governments