The Manager of the Customer Service Department at a Bank

question 88

Multiple Choice

The manager of the customer service department at a bank can hire employees with a high school degree HS) who earn $10,000 annually or employees with a bachelor's degree B) who earn $20,000.The manager wants to maximize the number of customers served given a fixed payroll. Given the above info,if the manager's payroll is $120,000,what should be done to maximize the number of customers served?

• A)Hire six HS and three B.
• B)Hire five HS and five B.
• C)Hire four HS and four B.
• D)Hire two HS and five B.

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Definitions:

Corporate Vertical Marketing System

A structured form of marketing system where subsequent stages of production and distribution are under a single ownership.

Parent Company

A company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors.

Retail Outlets

Places where goods and services are sold directly to consumers, ranging from brick-and-mortar stores to online platforms.

Vertical Marketing System

A supply chain in which the members act as a unified system; there are three types.