Requires That the Researcher Specify the Purpose for Which the MDS

question 37

Multiple Choice

requires that the researcher specify the purpose for which the MDS results would be used and select the brands or other stimuli to be included in the analysis.

• A) Obtaining input data
• B) Selecting an MDS procedure
• C) Formulating the problem
• D) Deciding on the number of dimensions

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Definitions:

Primary Criterion

The most important standard or measure used to evaluate or judge a variable, situation, or decision-making process.

Prime Costs

The combined costs of direct labor and direct materials involved in the production of goods.

Factory Overhead

includes all the indirect costs associated with manufacturing, such as utilities, maintenance, and salaries of indirect labor.

Direct Labor

The labor costs directly associated with the manufacturing of a product, including wages of workers physically involved in production.