Reference no: EM132174362
1. Name one example of when primary research for marketing purposes is warranted:
1. When the information for developing a campaign is not otherwise available.
2. When overall direction for the initiative is lacking.
3. When too much detail is available.
4. Both A and C.
5. None of the above.
2. Little’s Law Firm has just one lawyer. Customers arrive randomly at an average rate of 6 per 8 hour workday. Service times have a mean of 50 minutes and a standard deviation of 20 minutes. How long does a customer spend at Little’s Law Firm on average? Remember: any time you see the term "random" associated with the job arrivals it means the coefficient of variation is equal to one; that is, the standard deviation in the time between arrivals is equal to the mean time between arrivals.
1. Approximately 98 minutes
2. Approximately 75%
3. Approximately 48 minutes
4. Approximately one hour
3. A local ice-cream parlor has 100 customers in the “rush” hour between 5PM and 6PM (assume that the customers arrive according to a uniform distribution, i.e., evenly spread out during the hour). If there are two employees who scoop the ice-cream for the customers, and one more who deals with the payments, then what is the takt time (i.e., Taktzeit) for the ice-cream scoopers?
72 seconds
100 seconds
36 seconds
50 seconds
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What are the nal and irr of the lease interpret each value
: Lone Star Medical Center plans to obtain a new MRI that costs $2.5 million and has an estimated four-year useful life. What are the NAL and IRR of the lease
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What are the issues or problems facing the organization
: You may supplement this information with data from the media, the organization's literature, and other secondary sources.
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What is the impact of the problem
: What is the impact of the problem? That is, how are the victims (field of study, researchers, practitioners, industry, civilians, etc.) negatively affected.
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Task of effectively communicating the organizations mission
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Primary research for marketing purposes is warranted
: Name one example of when primary research for marketing purposes is warranted:
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What is the yield to maturity on the issue
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What are the differences in the resources and equipment
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Determine how much money needs to be set aside
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Discuss your selected product with your colleagues
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