Answer:
Explanation:
Average arrival rate, λ = 5 people in 15 minutes = 20 people in 60 minutes = 20 per hour
Average service rate, μ = 1 in 7 minutes = (60/7) per hour
The minimum number of servers required for a stable queuing system = λ / μ = 20 / (60/7) = 7/3 = 2.333
So, the minimum number of hosts that could be hired = 3 hosts
Answer: Flank attack
Explanation:
Flank attack is a strategy in marketing that is adopted by a competing business to take advantage of an area their competitor is weak at or not paying attention to. It is a strategy used against leading business that are performing less than what is expected in certain segment.
Answer:
Following are the affects of the above events on the SRAS curve
Explanation:
Increase in the price level will have no effect on the short-run supply curve, price level will only affect the long-run supply curve. Likewise, short-run supply curve will shift inwards due to the expected future price expectation. A price level that is currently higher than expected will also shift the short-run supply curve inwards. Increase in the price of an important raw material will shift the supply curve inwards because there is a shift in one of the important raw material. An increase in the labor force participation will increase and shift the short-run supply curve rightwards.
Answer: 1. The only effect advertising will have on primary demand is to slow the rate of decline.
Explanation: Declining markets are those that have gone from maturity - where sales stay flat or may even climb occasionally - to multiple periods where there are decreasing sales. This drop in sales is the first and most obvious sign of a declining market and lower sales quickly lead to other attributes.
Common characteristics of the decline stage include a decrease in sales, an increasing difficulty to make a profit, and a decrease in advertising.
Answer:
The answer is A. Standards refer to a company's projected revenues, costs, or expenses
Explanation:
The explanation is the following:
A budget refers to a department's or a company's projected revenues, costs, or expenses, while on the other hand A standard usually refers to a projected amount per unit of product, per unit of input (such as direct materials, factory overhead), or per unit of output.
Standard costing is intensive in application as it calls for detailed analysis of variances.
In standard costing, variances are usually revealed through accounts.
Standard costs represent realistic yardsticks and are, therefore, more useful for controlling and reducing costs.
