When Many Consumers Think of Adhesives,they Think of 3M Because

question 128

Multiple Choice

When many consumers think of adhesives,they think of 3M because it makes so many kinds of adhesives used in the home.However,the world's largest adhesive producer is Henkel Consumer Adhesives,maker of Loctite and Duck brand duct tape.3M and Henkel are part of each other's _____ environment.

• A) competitive
• B) economic
• C) social
• D) marketing mix
• E) legal and political

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Definitions:

Standard Machine-Hours

The estimated number of hours that a machine is expected to operate to complete a specific task under standard conditions.

Manufacturing Overhead

All manufacturing costs not directly associated with the production of goods, including costs related to indirect labor, indirect materials, and other indirect expenses.

Standard Maintenance Cost

The anticipated cost of regular upkeep and maintenance of equipment or property, based on historical data or industry standards.

Machine-Hours

A measure of the amount of time machines are used in the production process, often used as an allocation base for assigning overhead costs.