One Factor That Differentiates the Operations of a Service Firm

question 106

Multiple Choice

One factor that differentiates the operations of a service firm from manufacturing is its

• A)operating space.
• B)ability to maintain high quality standards.
• C)inability to produce services and hold them in inventory.
• D)working hours.

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Definitions:

Competitive Advantage

The attribute that allows an organization to outperform its competitors, often due to unique resources, capabilities, or positioning.

Industry

A group of companies producing similar products or services, often categorized by their primary business activities.

Necessary

Essential or needed for a certain purpose.

Market Driven

A business approach focused on creating products and services based on the existing demands and preferences of the market.