As manager of a local donut shop, Arnie greets his regular customers by name and often begins making their order when he sees them drive into the parking lot. Arnie knows habitual purchasers with strong store loyalty are great customers.

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


True

These customers rarely even consider alternative brands or stores, and so they are excellent customers.

Business

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Which of the following statements is true of explicit switching costs?

A. Explicit switching costs involve a penalty levied for terminating a deal or contract. B. Explicit switching costs are recurring in nature.  C. Explicit switching costs are variable in nature. D. Explicit switching costs are concerned with the indirect costs in time and money.

Business

The measures of location are also known as measures of central tendency because they tend to describe the center of the distribution

Indicate whether the statement is true or false

Business

A _____ is the most common depository institution.

A. not-for-profit organization B. savings and loan association C. credit union D. commercial bank

Business

In multiple regression analysis, the adjusted coefficient of determination is adjusted for the number of independent variables and the sample size

Indicate whether the statement is true or false

Business