<span>The process of learning about the company's customers and developing products that specifically meet their needs so they remain loyal customers over the long term is called relationship marketing.</span>
Answer:
Option (C) is correct.
Explanation:
A change in technological process is a key determinant of supply. If there is any change in the technological process will shift the short run and long run supply curve.
Now, suppose that there is an advancement of technology. This will increase the productivity of the inputs and therefore, the level of output increases at the same level of resources. This change in output will increase the supply of the product and hence, there is a rightward shift in the short run and long run supply curve.
Answer: 28,000 tons
Explanation:
Given the following ;
Average Weekly need = 2,800 tons
Lead time = 10 weeks
Average amount of tons on order = 10 × 2800 = 28,000 tons.
The on order quantity may be explained as a purchase order indicating the status of ordered goods or items. These purchase order status is in effect once items goods ordered have been been perfected and in-transit. The purchase order status remains valid until the goods are received.
The lead time refers to the time range or period between the initiation and receipt or completion stage of an order.
Answer:
a. John is covered under Part A—Liability Coverage of his policy if Alice sues John for the damage to her house.
Explanation:
Base on the scenario been described in the question, all of the following statements about coverage under John Smith's PAP are true, EXCEPT: John is covered under Part A—Liability Coverage of his policy if Alice sues John for the damage to her house.
Answer: The minimum number of students you need if you want the margin of error to be 5% IS 278.
Explanation:
Cochran’s Sample Size Formula gives the minimum number of students as
Where:
e is the desired level of precision (i.e. the margin of error),
p is the (estimated) proportion of the population which has the attribute in question and q is 1 – p.
The z-value for 95% confidence interval is found to be 1.96 in a Z table.
Assuming that half of the teenagers favor the elimination of a curfew: this gives us maximum variability. So p = 0.5 and q=0.5.
Then
Rounding up,
But considering that 1000 is a small population, we can modify the sample size we calculated above formula by using this equation:
Where s is the adjusted sample size, n is the original sample size we calculated and N is the population size.