The Economic Perspective Used in Customer Decision Making at Fast-Food

question 194

Multiple Choice

The economic perspective used in customer decision making at fast-food restaurants is reflected in:

• A)customers selecting the shortest line.
• B)customers leaving rather than waiting if all lines are long.
• C)all customer lines tending to be of equal length.
• D)all of the above.

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Definitions:

Asset

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Life Estimate

A projection or approximation of the duration or longevity of an entity, product, or component.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity.

Investment Value

The worth of an asset or company to a particular investor, considering individual investment requirements and expectations.