DiscountHaven Inc. is a large chain of hypermarkets. It has cost benefits due to its extensive operation. The company's marketing and sales, logistics, administrative, and other such related costs get divided between a large number of product units stocked in its stores. This makes it difficult for smaller retail stores and supermarkets to compete against DiscountHaven's low prices. Thus, DiscountHaven has a competitive advantage due to its
A. superior customer service.
B. economies of scale.
C. time compression economies.
D. learning-curve effects.
Answer: B
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Which of the following statements about ending a meeting is most accurate?
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If P(A) = .50, P(B) = .60, and P(A ? B) = .30, then events A and B are _____
a. mutually exclusive events b. not independent events c. independent events d. Not enough information is given to answer this question.