Examlex

Solved

​Explain the Difference Between an Internal and an External Customer

question 16

Essay

​Explain the difference between an internal and an external customer.


Definitions:

Electric Company

A business entity that generates, transmits, and/or distributes electricity to consumers and businesses.

Payoff Table

A matrix that shows the outcome (or payoff) of different strategies or decisions, given different states of nature or scenarios.

Expected Opportunity Loss

A measure of the average loss incurred from not choosing the best decision option under uncertainty.

Food Market

A physical or virtual marketplace where food and food products are traded between producers, wholesalers, and consumers.

Related Questions