Certification Marks Are Typically Used To

question 17

Multiple Choice

Certification marks are typically used to:

• A) indicate membership in a trade group
• B) indicate a certain brand of service
• C) indicate quality
• D) are symbols used to associate products to a specific brand

---

Definitions:

Derived Demand

The linkage between consumers’ demand for a company’s output and its purchase of necessary inputs to manufacture or assemble that particular output.

Waiting Lists

Lists of individuals or entities that are waiting to receive a service, product, or opportunity, often used when demand exceeds current supply or capacity.

RFP Process

The procedure by which a company invites selected vendors or contractors to submit proposals on a specific product or service.

Value Creation

is the process through which businesses generate value for customers, shareholders, and society, often leading to competitive advantage.