An Efficient Method of Estimating Area Market Potentials Makes Use

question 117

Multiple Choice

An efficient method of estimating area market potentials makes use of the ________, developed by the U.S. Bureau of the Census in conjunction with the Canadian and Mexican governments. It classifies all manufacturing into 20 major industry sectors and further breaks each sector into a six-digit, hierarchical structure.

• A) Thomson Reuters Business Classification
• B) Global Industrial Classification Standard
• C) North American Product Classification System
• D) Industry Classification Benchmark
• E) North American Industry Classification System

---

Definitions:

Flexible Manufacturing

A production method that is designed to easily adapt to changes in the type and quantity of the product being manufactured.

Design For Disassembly

A design process aimed at making products easier to disassemble at the end of their life cycle, facilitating recycling or disposal.

Mediating Technology

Links people together in a beneficial exchange of values.

Mutually Beneficial

A situation or agreement that provides advantageous outcomes to all parties involved, ensuring that everyone gains or benefits from the collaboration.