The assumption of exponentially distributed service times indicates that
a. 37% of the service times are less than the mean service time.
b. 50% of the service times are less than the mean service time.
c. 63% of the service times are less than the mean service time.
d. service time increase at an exponential rate as the waiting line grows.
c. 63% of the service times are less than the mean service time.
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Which statement is not correct concerning international marketing and the use of comparative scaling techniques?
A) Opinion formation may not be well crystallized. B) In some developing countries, preferences can be best measured by using ordinal scales. C) Respondents in many developed countries, due to higher education and consumer sophistication levels, are quite used to providing responses on interval and ratio scales. D) None of the above statements are incorrect.
Product refers to the goods-and-services combination that a company offers to its target market
Indicate whether the statement is true or false
A marketer has no control over when a consumer redeems a coupon
Indicate whether the statement is true or false
Assume that a firm uses the accrual basis of accounting. Indicate the amount of expense the firm recognizes during the month of November for each independent transaction
a. Rent of $3,600 is paid on November 1 for the months November through January. b. Inventory costing $2,500 is ordered on account. The invoice is received on November 25 and the goods are received on December 5. c. Insurance premium of $900 is paid for a full year of coverage starting November 1. d. On December 3, an invoice for November utilities of $325 is received. e. On November 1, supplies costing $2,200 are purchased. At November 30, $500 of supplies remained on hand.