Mass customization can be achieved through the use of
a. activity-based costing.
b. just-in-time inventory.
c. flexible manufacturing systems.
d. all of the above.
C
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With respect to the market coverage alternatives, ________ involves developing separate marketing strategies for a number of segments.
A. undifferentiated marketing B. concentrated marketing C. buzz marketing D. B2B marketing E. differentiated marketing
Which of the following best explains why market prices are useful to a financial manager when performing a cost-benefit analysis?
A) They can be used to determine how much an asset can be sold for. B) They can be used to convert different services and commodities into equivalent cash values which can be compared. C) They allow all commodities and services to be assigned a fixed and unchanging value. D) They can be evaluated to determine whether the market in which the manager exchanges goods and services offers true value.
A random sample of 49 lunch customers was taken at a restaurant. The average amount of time the customers in the sample stayed in the restaurant was 45 minutes with a standard deviation of 14 minutes
a. Compute the standard error of the mean. b. With a .95 probability, what statement can be made about the size of the margin of error? c. Construct a 95% confidence interval for the true average amount of time customers spent in the restaurant. d. With a .95 probability, how large of a sample would have to be taken to provide a margin of error of 2.5 minutes or less?
According to the U.S. Bureau of Labor Statistics, all good computer jobs have gone overseas
Indicate whether the statement is true or false