Management needs to look at the marketing plan as a guide for implementing marketing decision making and not as a generalized, superficial document. 

Answer the following statement true (T) or false (F)


True

Business

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The random variable x is the number of occurrences of an event over an interval of ten minutes. It can be assumed that the probability of an occurrence is the same in any two-time periods of an equal length. It is known that the mean number of occurrences in ten minutes is 5.3. Which of the following discrete probability distributions' properties are satisfied by random variable x?  

A. Normal B. Poisson C. Binomial D. Hypergeometric

Business

Explain how a just-in-time operating philosophy reduces the time it takes to complete the production of a product. Include in your answer the classifications of time that are affected. How does such a change help to reduce product costs?

Business

Which of the following refers to the individual characteristics of team members and the resources they have at their disposal?

A. output B. input C. process D. synergy

Business

A criticism of the stakeholder interest theory of the social responsibility of business is that it is

often impossible to determine how the interests of the different stakeholders should be balanced. Indicate whether the statement is true or false

Business