As an operational component of channel performance, operating efficiency refers to ________
A) cost to serve
B) volume
C) customer reach
D) return on sales
E) retention
Ans: A) cost to serve
Business
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What types of goods are purchased frequently, immediately, and with minimum effort by the consumers?
A) specialty goods B) shopping goods C) unsought goods D) durable goods E) convenience goods
Business
Consider a product with three components in series, with reliabilities of 0.90, 0.80, and 0.99 for components A, B, and C, respectively. Furthermore, component B uses a backup that also has a reliability of 0.80
What is the reliability of the system? A) 0.50000 B) 0.71280 C) 0.80000 D) 0.85536 E) 3.49000
Business