Give an example, other than a restaurant or other food-service firm, of an organization that experiences an hourly seasonal pattern. (That is, each hour of the day has a pattern that tends to repeat day after day.) Explain
What will be an ideal response?
Answer will vary. However, two non-food examples would be banks and movie theaters.
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A broker lists a property for sale at $100,000 with a 5 percent commission, and he later obtains an oral offer from a prospective buyer to purchase the property. The seller indicates to the broker that the offer would be acceptable if it were submitted in writing. Before it can be put in writing, the buyer backs out and revokes the oral offer. In this situation, the broker would be entitled to
A) a commission of $5,000. B) only a partial commission. C) no commission. D) the normal rate of commission.
Information sources that are generated for the particular problem being studied are best described as:
A) primary sources. B) secondary sources. C) quantitative sources. D) qualitative sources.