Figure 9.4 in the text showed the development of a multi-item scale. Discuss the development process

What will be an ideal response?

Data are collected on the reduced set of potential scale items from a large pretest sample of respondents. The data are analyzed using techniques such as correlations, factor analysis, cluster analysis, discriminant analysis, and statistical tests. As a result of these statistical analyses, several more items are eliminated, resulting in a purified scale. The purified scale is evaluated for reliability and validity by collecting more data from a different sample. On the basis of these assessments, a final set of scale items is selected. As can be seen from Figure 9.4 in the text, the scale development process is an iterative one with several feedback loops.

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High achievement-motivated people ___________

Fill in the blank(s) with the appropriate word(s).

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The basic trade-off to be considered by the supplier with production capacity is between

A) committing to an order from a high-price buyer or waiting for a lower price buyer to arrive later on. B) committing to an order from a lower price buyer or waiting for a high-price buyer to arrive later on. C) allowing the market to be controlled by price or capacity. D) having marketing or operations establish the constraints within which orders are accepted.

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