An Area on a Perceptual Map Where There Is a Cluster

question 35

True/False

An area on a perceptual map where there is a cluster of ideal points indicates a market segment.

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Definitions:

Group Technology

An approach in manufacturing that groups parts with similar characteristics into families to achieve efficiency in production.

Electronic Communication

The transmission of information using electronic methods such as email, text messaging, and online platforms.

Tooling Setup Time

The time required to prepare a machine for a new production run, including the installation of new tools, dies, and fixtures.

Assembly Chart

A diagram that shows the relationship between different components and parts required to assemble a product.