Estimating Capacity Needs (Goods/services to Provide)for a Service Business Is

question 95

Multiple Choice

Estimating capacity needs (goods/services to provide) for a service business is more difficult than for a manufacturer because:

• A)customers arrive at service companies at staggered times.
• B)customers require various levels of service.
• C)service providers cannot store their services for later use.
• D)weather and other factors affect the demand for services.

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Definitions:

Debit Card

A card that directly subtracts funds from a buyer's checking account to finance a purchase.

Credit Card

A payment card issued by a financial institution that allows the cardholder to borrow funds with the promise to repay, with interest, at a later date.

Relative Cumulative Frequency

A statistical measure that shows the proportion of observations below a particular value in a dataset.

Percentile

A measure that indicates the value below which a given percentage of observations in a group falls.