Because Services Are Generally High in Experience and Credence Qualities

question 57

True/False

Because services are generally high in experience and credence qualities, there is more risk in purchase.

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Definitions:

Unwritten Rules

Social norms or practices that are understood and followed by members of a group or organization but are not officially documented.

Training Sessions

Organized events aimed at enhancing skills, knowledge, or performance in a specific area.

Vision, Mission

Vision refers to the aspirational description of what an organization would like to achieve in the future, while Mission is a statement about its core purpose and focus.

Volunteers

Individuals who offer their time, skills, and efforts to an organization or cause without expectation of financial compensation.