Before ATMs, the average bank branch employed 20 employees; after ATMs, the average branch employed 13 employees, but ba...
Before ATMs, the average bank branch employed 20 employees; after ATMs, the average branch employed 13 employees, but banks have opened more branches. These developments suggest that:
A. ATMs are purely substitutes for labor in banking.
B. labor and ATMs are substitutes in some bank functions, complements in others.
C. ATMs are purely complements for labor in banking.
D. labor and ATMs are neither substitutes nor complements in banks' various functions.
Homework Answers
Labor and ATMs are substitute in some bank functions (for example: withdrawing money from savings or current account) but complements in others, which caused the bank to open more branches after the ATM system started.
Answer: option B
Add Answer to:
Before ATMs, the average bank branch employed 20 employees; after ATMs, the average branch employed 13 employees, but ba...
End User Application [20 marks] The retail branch bank faces stiff competition, based on the popularity...
End User Application [20 marks] The retail branch bank faces stiff competition, based on the popularity of online and mobile banking, and on the threat of new entrants to the payment business, like Apple Pay, Samsung Pay, Google, and Facebook. Despite this pressure, the retail branch remains a fundamental driver of revenue. According to the Accenture Retail Banking Survey, the branch is where nearly 60% of traditional retail bank products are sold, and customers still prefer the branch to a...
End User Application [20 marks] Case study The retail branch bank faces stiff competition, based on...
End User Application [20 marks] Case study The retail branch bank faces stiff competition, based on the popularity of online and mobile banking, and on the threat of new entrants to the payment business, like Apple Pay, Samsung Pay, Google, and Facebook. Despite this pressure, the retail branch remains a fundamental driver of revenue. According to the Accenture Retail Banking Survey, the branch is where nearly 60% of traditional retail bank products are sold, and customers still prefer the branch...
Probability 13. A particular bank is interested in estimating the difference between the average Mastercard debt...
Probability
13. A particular bank is interested in estimating the difference between the average Mastercard debt at two of its branches. Using independent samples from two branches the 90% confidence interval for the difference between the means debt was calculated to be -S5.43 with 90% confidence that: H1 H2-$64.78. We could conclude from this A) branch 2 customers have more avera ge debt than customers from branch B) branch 1 customers have more average debt than branch 2 customers C)...
research
From the below.docxkainaat1102 hours agoBusinessCollegeFrom the below-mentioned research paragraph, extract the following information:I. Identify the research gap.II. Identify the research objective of the study.III. On the basis of the research, the objective suggests the research question of the study.IV. Identify the theory used in the study.V. Suggest a title for this research paragraph.Retaining employees is one of the critical issues faced by the organization all over the globe for many years, that how to retain some of the skilled and...
Hi, Kindly assist with my project management assignment below using the attached case study Question 1 Update the project charter for the remainder of the project in response to Adams’ memo (lines 241...
Hi, Kindly assist with my project management assignment below using the attached case study Question 1 Update the project charter for the remainder of the project in response to Adams’ memo (lines 241 through 246). Question 2 Prepare a plan for the remainder of the project in response to Adams’ memo (lines 241 through 246). Your answers to the above will be assessed in terms of the level of communication displayed, the insights and inferences drawn, and your ability to...
Describe how Chaparral uses participation and empowerment to motivate its workers. Employee Participation at Chaparral Steel...
Describe how Chaparral uses participation and empowerment to motivate its workers. Employee Participation at Chaparral Steel Although few many have heard of Chaparral Steel, the company enjoys a stellar reputation as one of the most effective firms in the steel industry. Chaparral was founded in 1973 in a small town of Dallas and today enjoys annual sales of almost $500 million. In earlier times, most steel companies were large, bureaucratic operations like U.S. steel (now USX) and Bethlehem Steel. However,...
1. Analyze the major challanges USB faced in the last 5 years, in your opinion, what were the cru...
1. Analyze the major challanges USB faced in the last 5 years, in your opinion, what were the crucial factors in the banks downturn? 2. what are the main triggers to change the banks approach to communication and what is different today regarding the dealings and relationship to its share-and stakeholders? 3. How would you evaluate the constant replacement of the banks chairman and CEO? 4. in view of the future strategy of USB, what are your suggestions in order...
1. Analyze the major challanges USB faced in the last 5 years, in your opinion, what...
1. Analyze the major challanges USB faced in the last 5 years, in your opinion, what were the crucial factors in the banks downturn? 2. what are the main triggers to change the banks approach to communication and what is different today regarding the dealings and relationship to its share-and stakeholders? 3. How would you evaluate the constant replacement of the banks chairman and CEO? 4. in view of the future strategy of USB, what are your suggestions in order...
Discussion questions 1. What is the link between internal marketing and service quality in the ai...
Discussion questions
1. What is the link between internal marketing and service
quality in the airline industry?
2. What internal marketing programmes could British Airways
put into place to avoid further internal unrest? What potential is
there to extend auch programmes to external partners?
3. What challenges may BA face in implementing an internal
marketing programme to deliver value to its customers?
(1981)ǐn the context ofbank marketing ths theme has bon pururd by other, nashri oriented towards the identification of...
Hello! Could you please write a 6 paragraph summary (5-6 sentences each paragraph) of the below?...
Hello! Could you please write a 6 paragraph summary (5-6
sentences each paragraph) of the below? In the overview, if you
could please describe the information in detail. Please have
completed in 6 days if possible. Thank you!
In 50 Words Or LesS .6TOC combines lean Six Sigma (LSS) and the theory of constraints (TOC) for bottom-line benefits . The method's metrics pyramids and communi- cations allow organiza- tions to retain gains and monitor benefits. · 6TOC goes beyond fac-...
Probability
13. A particular bank is interested in estimating the difference between the average Mastercard debt at two of its branches. Using independent samples from two branches the 90% confidence interval for the difference between the means debt was calculated to be -S5.43 with 90% confidence that: H1 H2-$64.78. We could conclude from this A) branch 2 customers have more avera ge debt than customers from branch B) branch 1 customers have more average debt than branch 2 customers C)...
Discussion questions
1. What is the link between internal marketing and service
quality in the airline industry?
2. What internal marketing programmes could British Airways
put into place to avoid further internal unrest? What potential is
there to extend auch programmes to external partners?
3. What challenges may BA face in implementing an internal
marketing programme to deliver value to its customers?
(1981)ǐn the context ofbank marketing ths theme has bon pururd by other, nashri oriented towards the identification of...
Hello! Could you please write a 6 paragraph summary (5-6
sentences each paragraph) of the below? In the overview, if you
could please describe the information in detail. Please have
completed in 6 days if possible. Thank you!
In 50 Words Or LesS .6TOC combines lean Six Sigma (LSS) and the theory of constraints (TOC) for bottom-line benefits . The method's metrics pyramids and communi- cations allow organiza- tions to retain gains and monitor benefits. · 6TOC goes beyond fac-...
Most questions answered within 3 hours.
-
A single NEC SX-9 vector processor unit (VPU) has a peak
arithmetic
performance of 102.4 GFs/s....
asked 9 minutes ago -
. Determine the hourly multiplication factors
such that the total daily water consumption will equal 15,000...
asked 9 minutes ago -
A budgeting Web site reported that 35% of U.S. households have
withdrawn money from a 401(k)...
asked 8 minutes ago -
In this assignment, you will write a minimum two-page paper that
explains the treatment of internal...
asked 13 minutes ago -
Direct marketing is also referred to as Question 50 options: 1)
one-to-one marketing. 2) business-customer marketing....
asked 16 minutes ago -
INK Ltd is grocery retailer with 103 shops around South
Australia and Tasmania. The company has...
asked 21 minutes ago -
HOW BEER IS MADE
The beer making process is an art. It takes time, patience and...
asked 22 minutes ago -
What two methods could be used to purify the dimethyl
fumarate?
Based on the 12 Principles...
asked 31 minutes ago -
Reflect upon the readings and videos as well as our Media Monday
discussion. Integrating concepts from...
asked 36 minutes ago -
1. A cylindrical capacitor with A = 0.01, B = 0.1 and a length
of 5...
asked 43 minutes ago -
Explain how taking an SGLT-2 inhibitor, along with taking
insulin leads to ketoacidosis in people who...
asked 52 minutes ago -
Show the truth table of the
gates needed to control the PISO internal FF, has a...
asked 55 minutes ago