Intangibility Refers to Which of the Following

question 28

Multiple Choice

Intangibility refers to which of the following?

• A)The attributes of a service that can be held or touched.
• B)The fact that services can't be held or touched.
• C)The physical features of a service layout.
• D)The characteristics that add value to a service.

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Definitions:

Units Per Period

A measure of productivity or output over a given time frame, indicating the number of units produced or sold.

Diminishing Marginal Returns

The principle that adding more of one factor of production, while holding others constant, will eventually yield lower additional outputs.

Total Product

The overall quantity of output produced by a firm from a given quantity of inputs.

Constant Rate

A consistent, unchanging speed or pace at which something occurs or changes over time.