Four Characteristics Are Used to Differentiate Services from Goods

question 104

Multiple Choice

Four characteristics are used to differentiate services from goods. Which of the following is NOT one of those characteristics?

• A) intangibility
• B) perishability
• C) variability
• D) responsiveness
• E) inseparability

Recognize the advantages of inventory aggregation strategies and their impact on inventory management.

Understand the role of information centralization in managing inventory across multiple locations.

Describe the benefits of component commonality in reducing component inventories.

Explain the concepts of product substitution and its role in meeting varying customer demands.

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Definitions:

Morally Wrong

Actions or decisions that are considered unethical or evil based on moral principles or societal norms.

Ethical Imperatives

Moral obligations or commands that are viewed as universally true and guiding principles of behavior.

Comparative Reasoning

The process of using what is more familiar to make interpretations, explanations, or inferences about what is less familiar.

Ideological Reasoning

The process of thinking that begins with abstractions or generalizations that express one’s core beliefs, concepts, values, or principles and proceeds to reason top down to specific applications. Ideological reasoning is deductive and axiomatic. The argument maker takes the ideological premises on faith.