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What is the implied service rate per service-counter employee at an airport automobile rental counter if customer demand is 36 customers per hour, two service counter employees are on duty, and their labor utilization is 75%?
Product Innovation
The development of new or significantly improved goods or services to meet consumer needs or open new markets.
Process Innovation
Improvements in the methods or processes of producing goods or providing services to increase efficiency and reduce costs.
Resource Innovation
The process of finding new and improved ways of using resources to create products or services, often contributing to efficiency and sustainability in production.
Market Innovation
The introduction of novel products, services, processes, or business models that significantly change the dynamics of a market or industry.
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