• Card 6 / 180: A major coffee company decides to offer its customers a cup of coffee brewed from an extravagant process in half of its large-city retail locations. The special cup of coffee costs $3.50 more than the basic cup of coffee the company offers. Which of the following is NOT an example of how the coffee company could use business statistics to understand the value of introducing the new, and very expensive, cup of coffee to its customers?
    A) So the company can compare the effect of revenues for a store from the new expensive brew versus stores where the brew is not offered
    B) So the company can measure if the amount of regular (cheaper) cups of coffee is purchased less in favor of the more expensive cup
    C) So the company can gauge whether the new coffee improves the ambience of the in-store seating area
    D) So the company can gauge whether on average customers who order the more expensive cup also tend to order more or less food along with their coffee

    Answer:
    B) So the company can measure if the amount of regular (cheaper) cups of coffee is purchased less in favor of the more expensive cup

  • Keyboard Shortcuts

    Previous Card ← Previous Card Button
    Next Card → Next Card Button
    Flip Card Space-Bar
<< First < Previous Next > Last >>

Get Jobilize Job Search Mobile App in your pocket Now!

Get it on Google Play Download on the App Store Now
Hide Choices Interactive Question Quiz Home Page
https://www.jobilize.com/business-statistics-by-david-bourgeois-bharatendra-rai

Business Statistics

Author:

Access: Public Instant Grading

Attribution:  David T. Bourgeois, PhD; Bharatendra K. Rai, PhD. Business Statistics. The Saylor Academy 2014, http://www.saylor.org/courses/bus204/
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.
Ask
Copy and paste the following HTML code into your website or blog.
<iframe src="https://www.jobilize.com/embed/business-statistics-by-david-bourgeois-bharatendra-rai" width="600" height="600" frameborder="0" marginwidth="0" marginheight="0" scrolling="yes" style="border:1px solid #CCC; border-width:1px 1px 0; margin-bottom:5px" allowfullscreen webkitallowfullscreen mozallowfullscreen> </iframe>