The Number of Site Combinations Evaluated by the Complete Enumeration

question 11

Multiple Choice

The number of site combinations evaluated by the complete enumeration algorithm is equal to:

• A)the number of bank sites n multiplied by the number of customer groups.
• B)the number of bank sites minus 1.
• C)2 times the number of bank sites minus 1.
• D)2 raised to the power of the number of bank sites minus 1.

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Definitions:

Antiques

Objects of considerable age valued for their artistic, historical, or collectible qualities.

Pricing Power

The ability of a company or an entity to dictate the price of its goods or services without losing market share to competitors.

Elasticities of Demand

Refers to various measures of how the quantity demanded of a good responds to changes in prices, income, or other goods' prices.

Segregate Market

The practice of dividing or separating markets into sections or categories based on consumer demographics, behaviors, or other characteristics.