Let Us Consider That Customers Arrive at the Rate of Seven

question 12

Multiple Choice

Let us consider that customers arrive at the rate of seven per hour and wait for an average 0.25 hour in a shop.Using Little's law,determine the average number of customers in the queuing system.

• A)2
• B)2.4
• C)1.25
• D)1.75

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Definitions:

Discounting

The practice of reducing the selling price of goods or services, often to attract customers or accelerate sales.

Sales Goals

Targets set for the sales team to achieve within a specific time frame, which can include metrics like revenue, volume of goods sold, or market share.

Unit Sales

The measurement of the total number of individual units of a product sold by a company.

Pricing Objective

The goals that an organization aims to achieve through its pricing strategies, such as maximizing profit, increasing market share, or ensuring sustainability.