Which of the Following Is True About the Relationship of SEM

question 51

Multiple Choice

Which of the following is true about the relationship of SEM to factor analysis?

• A) SEM, we have to specify which variables are associated with each construct based on theory.
• B) Concepts such as correlations and covariances are common to both the techniques.
• C) The measurement model in SEM is similar to factor analysis in that both techniques have variables with loadings on factors.
• D) A and C are correct.
• E) A, B and C are correct.

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Definitions:

Value Analysis

A methodical approach to examining the functions of goods or services with the purpose of achieving the desired quality at the lowest cost.

Marketing Plan

A comprehensive document or strategy that outlines a company's advertising and marketing efforts for a specific period.

Retailer

A business or person that sells goods directly to consumers, as the final link in the supply chain from manufacturers to end buyers.

Promote Product

Marketing activities aimed at increasing awareness and interest in a product, ultimately to boost sales.