Which of the Following Is the Correct Action for a Firm

question 32

Multiple Choice

Which of the following is the correct action for a firm to take that wants to reduce demand and has insufficient capacity?

• A)Take no action.
• B)Consider override for most desirable segments.
• C)Consider priority systems for most desirable segments.
• D)Increase prices or encourage use in other time slots.
• E)Lower prices selectivele.

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Definitions:

Sample Proportion

The fraction or percentage of a sample that exhibits a particular attribute or characteristic.

Probability

A measure of the likelihood that an event will occur, ranging from 0 (impossibility) to 1 (certainty).

Population Proportion

The fraction of the population that holds a particular trait, attribute, or characteristic of interest.

Standard Error

An estimate of the standard deviation of the sampling distribution of a statistic, often used to assess the precision of sample estimates of population parameters.