Which of the Following Elements of the Factor Weighting Technique

question 115

Multiple Choice

Which of the following elements of the factor weighting technique in supplier selection analysis does NOT contain a certain degree of subjectivity?

• A) the formula used to calculate the total weighted score for each supplier
• B) the weights applied to each supplier criterion
• C) the scores for each potential supplier on each criterion
• D) the set of supplier criteria
• E) the numerical scale used to rate suppliers

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Definitions:

Long-Run Equilibrium

A state in which all factors of production and costs are variable, allowing firms to make adjustments and leading to a situation where economic profit equals zero.

Just Tangent To

A condition where two curves meet at only one point without intersecting, often used in the context of optimizing problems.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing to buy at each price.

New Firms Enter

The process by which new companies start operations in a market, often increasing competition and innovation within the industry.