Kym’s business makes organic, designer cloth to sell to clothing companies to create other goods. What term best describes Kym’s role in the value chain?
1..... Manufacturer
2...Wholesaler
3... Retailer
4...Crafts
1.... Manufacturer
What type of goods are machinery, raw materials such as cotton and lumber, and equipment?
Industrial
Consumer
Production
Support
Industrial
What is the approximate lifespan of durable goods?
(1 point)
Responses
Three or more years
Three or more years
Fifteen to twenty years
Fifteen to twenty years
Six months to one year
Six months to one year
Infinite
Fifteen to twenty years
What is the approximate lifespan of durable goods?
(1 point)
Responses
a)Three or more years
b) Fifteen to twenty years
c)Six months to one year
d)Infinite
b) Fifteen to twenty years
Brent owns a business that sells goods and services to the public for consumption. What is the most appropriate term to describe the type of business Brent owns?
Manufacturer
Retailer
Ideation
Marketing
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Retailer
What step in the rational decision-making process involves assessing what worked and did not work about the process and solution?
Step five, testing the solution
Step six, implementing the solution
The first step, defining the problem
The last step, evaluating the solution