Regarding Component Parts

question 354

Multiple Choice

Regarding component parts,

• A) the original equipment market and the aftermarket for component parts are typically separate target markets.
• B) a product originally sold as a component part may become a consumer product when sold in the "aftermarket."
• C) component buyers want dependable suppliers.
• D) they are finished items that must meet specifications.
• E) All of these alternatives are correct.

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Definitions:

Decentralisation

The distribution of decision-making powers from central authority to lower-level employees or divisions in an organization.

Goal Congruence

A condition in which the goals of the company's various employees and departments align with the overall objectives of the organization.

Motivation

The internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job or subject.

Suboptimal Decision

A choice made that is not the best or most effective among the alternatives considered.