Which of the Following Statements About the Banwari Mittal's Properties

question 57

Multiple Choice

Which of the following statements about the Banwari Mittal's properties of intangibility is true?

• A) Services such as dental care have less nonsearchability than babysitting
• B) An ATM is high in incorporeal existence
• C) Service benefits such as fun and excitement are concrete terms
• D) Services like doctors,amusement parks and health clubs are typically described in specific terms
• E) Services such as an MRI or a cat scan have a high level of mental impalpability

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Definitions:

Educational Backgrounds

The formal schooling and training an individual has received, including degrees, diplomas, and certifications.

Scarcity

A fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. It necessitates the need for prioritization and choice.

Economics

The social science that studies how individuals, governments, firms, and nations make choices on allocating resources to satisfy their wants and needs.

Production

The process of creating, manufacturing, or enhancing goods and services, involving the combination of resources like labor and raw materials.