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Services Cannot Be Stored or Inventoried

question 139

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Services cannot be stored or inventoried.Attempts to regulate the "services" on the supply side-to increase the service providers when needed-include such strategies as part-time workers.What are some other ways a firm can "shift" supply for its services?


Definitions:

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The state of being mortal or the incidence of death within a population.

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The collective beliefs, values, norms, and practices shared by a group of people, shaping their perception of reality and guiding their behavior.

Cultural Worldviews

The collective beliefs, values, and practices that shape how a group of people perceive and interpret the world.

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