Which of the Following Is Considered to Be a Technical

question 2

Multiple Choice

Which of the following is considered to be a technical success factor by the Industrial Research Institute Scoring Model?

• A)Proprietary position
• B)Raw materials / components supply
• C)Market need
• D)Customer strength

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Definitions:

Build-to-order

A production approach where products are not made until an order is received, allowing for high customization and minimizing inventory costs.

Product Positioning

The strategy of placing a product in a market in such a way that it stands out in consumers' minds relative to competitors.

Approaches

Methods or techniques used to tackle problems, tasks, or create new strategies in various fields.

80/20 Rule

A principle, also known as the Pareto Principle, that suggests 80% of effects come from 20% of causes, often used in business and economics to focus efforts on most productive inputs.