Equipment Failure Would Be an Example of ________ Variation

question 59

Multiple Choice

Equipment failure would be an example of ________ variation.

• A)chance
• B)external
• C)assignable
• D)standard

---

Definitions:

Market Group

A set of consumers or businesses with similar needs or characteristics that a company aims to serve.

Categories of Adopters

Groups into which consumers can be segmented based on their readiness and speed to adopt a new product or innovation.

Product Life Cycle

The course of a product's sales and profits over its lifetime, typically divided into introduction, growth, maturity, and decline phases.

Diffusion of Innovation

The process by which a new idea, product, or technology spreads through a culture or market over time.