The Following Is an Example of the First-Come, First-Served Allocation

question 51

Multiple Choice

The following is an example of the first-come, first-served allocation mechanism

• A) Long lines of people waiting to purchase the new Apple iPad
• B) The raffle drawing for a trip to Hawaii
• C) The American interstate freeway system
• D) The $5 pizza special at the nearby-campus pizzeria
• E) None of these is an example of the market allocation mechanism.

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Definitions:

Account Objectives

Specific goals or targets set for managing and growing customer accounts in a sales or business context.

Sales Quotas

Predetermined targets set for salespeople or teams to achieve within a specific timeframe, often used as a performance measure.

Territory Management

The process of planning, organizing, and controlling sales or business activities within a specific geographic area or customer group to maximize efficiency and results.

Economic Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.