Sandals Beachfront Resorts for Lovers charges an all-inclusive price and has a no-children-allowed policy. Sandals does not manufacture anything, but it is in the mass production business. What does Sandals produce? Explain
What will be an ideal response?
Answer: Mass production is possible in the service industries. At Sandals, the goal is to mass produce a predictable experience.
Explanation: Mass production is used all the time to produce goods, of course (such as cars, jeans, and canned soups), but it also is possible for services, where the goal is to produce a predictable experience.
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Under the gold standard, if the U.S. dollar was fixed at $30/oz of gold and Japan was fixed at ¥75/oz of gold, what would be the Yen/dollar exchange rate?
A) ¥2.50/$ B) $2.50/¥ C) ¥0.40/$ D) ¥2250/$
When testing for the significance of the overall regression model, the null hypothesis claims that there is a relationship between the dependent and independent variables
Indicate whether the statement is true or false