Which is NOT true regarding differences between goods and services?

A) Tangible goods are generally produced and consumed simultaneously; services are not.
B) Most goods are common to many customers; services are often unique to the final customer.
C) Services tend to have a more inconsistent product definition than goods.
D) Services tend to have higher customer interaction than goods.
E) None, i.e., all of the above are true.


A

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Fragmented markets have

A. few potential competitors. B. clear dominant competitors. C. no clear dominant competitors. D. many potential customers.

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The fixed overhead volume variance measures the use of existing facilities and capacity

Indicate whether the statement is true or false

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The video game industry accounts for the second highest amount of U.S. media revenues.

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

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Mathematical programming is sometimes used to generate optimal solutions to resource constrained problems in a multi-project setting but suffers from:

A) An inability to model project and activity due dates. B) Resource substitution. C) Resource constraints. D) Problem complexity.

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