New communications technologies like satellite TV and social media are likely to eliminate the need for markets to be geographically segmented as clusters of countries
Indicate whether the statement is true or false
TRUE
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An independent hardware retail store 100 miles from the nearest city of more than 5,000 people but providing needed supplies for area ranchers would most likely buy its plumbing and electrical supplies through a ________
A) truck jobber B) commission merchant C) mail-order wholesaler D) rack jobber E) merchandise broker
Which of the following is a decision-making method in which members of a panel of experts respond to questions and to each other until an agreement is reached on how a specific issue should be handled?
A) ?Dialectical inquiry B) ?Nominal group technique C) ?Delphi technique D) ?Devil's advocacy
How has workforce composition change in recent years?
What will be an ideal response?
The owner of an amusement park has decided to open a second entry booth and hire another employee to service customers entering the park. Customers arrive at the rate of 20 per hour and will wait in a single line until one of the two employees is available to provide service. The average service time of both employees is 2 min to provide service. The arrival rate follows Poisson distribution, and the service time follows a negative exponential distribution. Determine the average number of customers waiting in line.
A. 0.75 B. 0.89 C. 0.08 D. 0.98