Which of the Following Is Least Likely to Be Considered

question 24

Multiple Choice

Which of the following is least likely to be considered a finite customer population?

• A) subassemblies in a just-in-time manufacturing environment
• B) fast food restaurant employees waiting to use the restroom
• C) planes waiting to take off at an airport
• D) a class of 10 students who might visit their professor during office hours
• E) cars taking Exit 76 off of a freeway during rush hour

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Definitions:

ATMs

Automated Teller Machines that allow customers to undertake financial transactions, notably cash withdrawals, without the need for a human clerk or bank teller.

Bank Tellers

Employees at financial institutions who deal directly with customers, handling routine banking transactions.

Substitute

A product or service that can replace another, offering consumers an alternative choice.

Imperfect Competition

Imperfect competition describes a market structure where the conditions necessary for perfect competition are not met, including markets with monopolies, oligopolies, and monopolistic competition.