Which of the following elements is not included in the scope of market analysis ?
Correct answer: D. Economics
- A. Competition from other manufactures
- B. Product distribution
- C. Opportunities
- D. Economics
Explanation
Market analysis examines competition, distribution channels and market opportunities for the product. General economics belongs mainly to the broader project economic evaluation rather than market analysis itself.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
Practise Plant Design and Economics
803 free Plant Design and Economics MCQs from Chemical Engineering, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Chemical Engineering questions like this
Chemical Engineering is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
More Plant Design and Economics questions
Equipment installation cost in a chemical process plant ranges from _______________ percent of the purchased equipment cost ?
If the interest rate of 10% per period is compounded half yearly, the actual annual return on the principal will be ______________ percent ?
The depreciation during the year 'n', in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage 'N' to the ?
Most chemical plants use an initial working capital amounting to 10-20% of the total capital investment. But this percentage may increase to ______________ percent in case of seasonal products manufacturing plant?
_____________ method for profitability evaluation of a project does not account for investment cost due to land ?
Which of the following is the costliest material of construction used in pressure vessel construction ?