Why is it generally harder for service industry managers to cope with peaks and troughs in demand for their products?
a. services are inconsistent
b. there are no salespeople to help with forecasting
c. payment is usually made after the service has been provided
d. most service customers are not brand loyal
e. service products cannot usually be stored
e. service products cannot usually be stored
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______ influences our perceptions through our affiliation with various social groups.
a. Family b. Language c. Culture d. Media
The first step in solving a graphical linear programming model is to:
A) plot the model constraints as equations on the graph and indicate the feasible solution area. B) plot the objective function and move this line out from the origin to locate the optimal solution point. C) solve simultaneous equations at each corner point to find the solution values at each point. D) determine which constraints are binding.
Column 1: Control chart
Column 2: Graphical presentation of process data What will be an ideal response?
Taking risks to create a new business is considered a factor of production
Indicate whether the statement is true or false.