Which of the Following Terms Involves the Analysis of Markets

question 4

Multiple Choice

Which of the following terms involves the analysis of markets to identify opportunities and challenges?

• A) market analysis
• B) marketing research
• C) opportunity identification
• D) market prospecting

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Definitions:

Indirect Costs

Costs not directly tied to a specific product, project, or activity, such as utilities, rent, and administrative expenses that support the overall operation.

Factory Equipment Depreciation

This is the process of allocating the cost of factory equipment over its useful life, thereby reducing its value due to wear and tear, or obsolescence.

Direct Costs

Expenses that can be directly tied to the production of specific goods or services, such as raw materials and labor.

Indirect Costs

Expenses not directly related to the production of goods or services but necessary for operations, such as utilities or administration.