Henry operates an outlet of moonlight café, a world renowned fast-food restaurant, in his locality. he started the restaurant after getting a license from the owners of moonlight café and by regularly paying them a fee for the right to use their brand name, products, and methods of operation. henry most likely operates a(n)

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.

Assume that (i) setups need to be completed first; (ii) a setup can only start once the batch has arrived at the resource, and (iii) all flow units of a batch need to be processed at a resource before any of the units of the batch can be moved to the next resource. process step 1 molding 2 painting 3 dressing setup time 15 min. 30 min. no setup processing time 0.25 min./unit 0.15 min./unit 0.30 min./unit which batch size would minimize inventory without decreasing the process capacity?