Ivan, a Scientist, Invented a Method of Using Solar Energy

question 71

Multiple Choice

Ivan, a scientist, invented a method of using solar energy to power electrical devices. However, the cost of using the method on a large scale was prohibitive. Hence, his invention was not adopted by his target customers. The lack of _____ was the reason for the failure of his invention.

• A) organizational suitability
• B) technological feasibility
• C) economic viability
• D) social adaptability
• E) political suitability

Compute critical values and probabilities for standard and non-standard normal variables.

Understand and apply the concept of variance and standard deviation within the context of the normal distribution.

Critically analyze the assumptions and conditions for applying normal distribution models.

Calculate and interpret area under the curve of a normal distribution for specified intervals.

---

Definitions:

Strategic Marketing Planning Process

A systematic approach to identifying opportunities in the market, setting marketing objectives, and developing strategies and actions to achieve business goals.

Burt's Bees

A personal care brand that offers products made from natural ingredients, known for its commitment to sustainability and environmental responsibility.

Corporate Social Responsibility

Involves a business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Socially Responsible Actions

Business practices that contribute positively to society, encompassing ethical conduct, environmental sustainability, and community engagement.