Customer Response Time Is

question 11

Multiple Choice

Customer response time is:

• A) the time taken for value to be placed on a company's products by customers.
• B) the time taken for development of a new process for producing products and delivering them to customers.
• C) the time taken for given inputs to be converted into an output.
• D) the time taken for development of products that have superior attributes to existing products.
• E) the time taken for a good to be delivered or a service to be performed.

---

Definitions:

Sample Information

The data and characteristics collected from a subset of a population, used to make inferences or predictions about the overall population.

Inferences

The process of drawing logical conclusions from available evidence or known facts.

Population

The entire group of individuals or instances about which scientists are interested.

Probability

A gauge of the probability that a particular event will take place.