Which of the Following Is Not One of the Six

question 34

Multiple Choice

Which of the following is not one of the six basic steps of the factor-rating method?

• A) Develop a list of critical success factors.
• B) Determine the weight of each factor according to its relative importance.
• C) Create a measurement scale for the factors.
• D) Multiply the factor weight times the factor score for each factor in each location.
• E) Develop a list of questions to ask other store owners in the area.

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Definitions:

Authority

The legal power or right given to an individual or entity to act on behalf of another or make decisions within certain guidelines or scopes.

Specified Time

A clearly defined or established period within which something is supposed to happen or be completed.

Confidential

Information, documents, or communications that are intended to be kept secret or private, often due to their sensitive nature.

Unique Business Methods

Innovative strategies or approaches adopted by a business to create value, stand out in the marketplace, and achieve competitive advantage.