Which of the following descriptions about waiting line models is BEST?
A) They account for major events such as competitor actions.
B) They account for the random, independent behavior of many customers.
C) They assume that each branch can give the highest expected payoff.
D) They deal with the certainty and stability in demand.
B
Business
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If the dollar ________ from 1.2 euros per dollar to 0.8 euros per dollar, the euro ________ from 0.83 dollars to 1.25 dollars per euro
A) appreciates; appreciates B) appreciates; depreciates C) depreciates; depreciates D) depreciates; appreciates
Business
Subdividing a market into distinct subsets of customers according to their needs and buying habits is known as
A) market penetration. B) product diversification. C) market segregation. D) market segmentation. E) positioning.
Business