Informal Techniques for Gathering Insights and Focusing Your Research Efforts

question 56

Multiple Choice

Informal techniques for gathering insights and focusing your research efforts do not include

• A)listening to the community.
• B)asking the audience for input.
• C)distributing questionnaires and surveys.
• D)reviewing reports and other company documents.
• E)talking with supervisors,colleagues,and customers.

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Definitions:

Setup Cost

The expenses incurred in preparing equipment or processes for a production run or the start of an operation.

Holding Cost

The expenses associated with storing inventory over a period of time, including warehousing, insurance, spoilage, and obsolescence costs.

Net Requirements

The total demand for a product minus the quantity already on hand or on order, indicating the actual quantity needed to meet demand.

Gross Requirements

The total amount of materials or components needed before any adjustments for what's currently available or on order.