Because Services Cannot Be Stored, Much Greater Responsiveness to Demand

question 47

True/False

Because services cannot be stored, much greater responsiveness to demand fluctuation must exist, and therefore, much greater pricing flexibility must be maintained.

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Definitions:

1776

The year most famously known for the Declaration of Independence by the Thirteen Colonies in North America, marking the beginning of the United States of America's journey toward independence from British rule.

Republican Motherhood

The idea that women played an essential role in nurturing the principles of liberty and democracy in their children, contributing to the young American republic's civic virtue.

Female Involvement

The participation or inclusion of women in various sectors, activities, or processes, often emphasizing their role in areas where they have been historically underrepresented.