Multiple Choice QuestionThe term "_____" implies a firm that makes tangible products.Multiple choice question.operationstechnologymanufacturerservice provider
Question
Multiple Choice Question
The term "_____" implies a firm that makes tangible products.
- operation
- technology
- manufacturer
- service provider
Solution
Break Down the Problem
- Identify the key term: The question refers to a type of firm.
- Understand the context: The firm makes "tangible products."
Relevant Concepts
- Definitions of the options:
- Operations: Processes or activities involved in producing goods and services.
- Technology: The application of scientific knowledge for practical purposes, which may or may not involve tangible products.
- Manufacturers: Firms that produce goods, specifically tangible products that can be touched and measured.
- Service Provider: Firms that offer intangible services rather than tangible products.
Analysis and Detail
- Given that the question specifically asks for a firm that makes tangible products, we can eliminate "operations," "technology," and "service provider" as these do not focus on the production of physical items.
- "Manufacturers" clearly aligns with the description provided in the question.
Verify and Summarize
- The definition of a manufacturer corresponds with the requirement of making tangible products.
- Other options do not fit the definition in the context of tangible production.
Final Answer
The term "_____” implies a firm that makes tangible products: manufacturers.
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