Market Research in Construction Quiz

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24 Questions

What does market research in construction mainly involve?

Gathering information about potential customers and market conditions

Which aspect is NOT typically considered during a feasibility study in construction?

Evaluating the preferences of the target market

In market research, why is understanding the competition important?

To identify the strengths and weaknesses of competitors

What role do government regulations play in construction projects?

Affecting zoning laws and building codes

What is the main goal of conducting a Feasibility Study according to the text?

To analyze the technical, financial, and economic factors of a project

Which component involves evaluating the potential demand for a project and analyzing competition and market conditions?

Market Analysis

What does the Evaluation of Required Capital factor consider in economic evaluation of risks?

Size of Proposed Venture

In economic evaluation of risks, what does the factor Expected Market Price reflect?

Consumers' willingness to pay

What does the Environmental Requirement factor deal with in economic evaluation of risks?

Compliance with new environmental regulations

What is the main health concern related to the overuse of vibratory power tools in construction?

Hand Arm Vibration Syndrome

Which of the following is a risk rather than a hazard in a construction setting?

Collapse

What is the basic goal of Occupational Safety and Health (OSH) management in construction?

Ensuring Good Health Maintenance

What are the types of hazards mentioned in the text?

Physical, Biological, Ergonomic, Chemical

What is the last line of defense according to the text?

Personal Protective Equipment (PPE)

What is considered one of the reasons for conducting an accident investigation?

To maintain awareness and convey the importance of safe work habits

What is the first priority in managing an accident according to the text?

Care and treatment of the injured

What are examples of immediate causes according to the text?

Improper lifting and use of PPE

What are examples of basic causes mentioned in the text?

Inadequate leadership and purchasing

When is fit testing for Personal Protective Equipment (PPE) required according to the text?

Before initial use, Annually thereafter, When facial features change

What does RULE 1080 mandate regarding Personal Protective Equipment (PPE)?

Employers must provide replacement PPE if it is lost or intentionally damaged by employees

What are considered some immediate causes of accidents based on the text?

Removal of safety devices & improper lifting

What is the primary goal of conducting an accident investigation as per the text?

To prevent recurrence and improve management program

What are examples of basic causes mentioned in the text?

Inadequate leadership & purchasing

What does the acronym EKIS stand for in relation to hierarchy of control measures?

Engineering Knowledge Implementation System

Test your knowledge on the process of gathering, analyzing, and interpreting information about a construction project's potential customers, competitors, and market conditions. Explore how market research can influence decisions on design, pricing, marketing, and more with methods like surveys, focus groups, and industry trend analysis.

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