InterfaceInterface, a manufacturer of floor covering products, has recently entered into an agreement with Cargill, Inc. and Dow Chemical Company to develop a carpeting manufactured from corn fiber, rather than the traditional nylon. Interface hopes to develop a biodegradable carpet tile that will be sold to the public at prices only slightly higher than nylon carpet tiles. Interface's CEO has repeatedly said the mission of his company is to look for manufacturing materials that are renewable and are not petroleum dependent.Refer to Interface. A consumer who was in the market for floor covering would be most likely to locate information on the biodegradable floor tiles during which stage of the consumer decision-making process?
A. evaluation of alternatives
B. internal information search
C. external information search
D. need recognition
E. postpurchase behavior
Answer: C
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Benchmarking against noncompetitors is extremely important in
a. process benchmarking. b. results benchmarking. c. reverse engineering. d. all of the above.
____________ is the practice of copying what others do best.
What will be an ideal response?
Flitter reported net income of $26,000 for the past year. At the beginning of the year the company had $217,000 in assets and $67,000 in liabilities. By the end of the year, assets had increased to $317,000 and liabilities were $92,000. Calculate its return on assets:
A. 27.0%. B. 12.0%. C. 36.0%. D. 8.2%. E. 9.7%.
Because of the expense and training involved, Six Sigma is practical only in large manufacturing organizations
Indicate whether the statement is true or false