________ is a fundamental law that relates the number of customers in a waiting-line system to the waiting time of customers
Fill in the blanks with correct word
Little's Law
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Stephen has opened a BBQ restaurant that he hopes will be seen as a sports bar. Which of the following best describes an example of a need for positioning?
a. Stephen receives a complaint from a customer about the lack of heat in the BBQ sauce. b. Stephen notices several Facebook postings that describe his restaurant as “a good family restaurant” and “a perfect end to a day of shopping.” c. Stephen notices several Facebook postings that describe his restaurant as good but a bit pricey. d. Stephen notices that many calls are coming in asking for directions to his location.
Which of the following is a competitive benefit experienced by the first mover firm in an industry?
A. The first mover will be able to reduce the switching costs. B. The first mover will be able to achieve a less steep learning curve. C. The first mover will not have to patent its products or technology. D. The first mover will be able to reduce costs through economies of scale.
Some of the serious business consequences that occur due to using low-quality information to make decisions are all of the following except:
A. The success of the organization depends on appreciating and leveraging the low-quality information. B. Lost revenue opportunities from marketing to nonexistent customers. C. Inability to accurately track customers. D. Inability to identify selling opportunities.
A plaintiff in a Title VII lawsuit must belong to a protected class
Indicate whether the statement is true or false