Which of the Following Is NOT a Goal in Designing

question 45

Multiple Choice

Which of the following is NOT a goal in designing a service?

• A)The goal is to provide a service whose elements are internally consistent.
• B)The service is directed at meeting the needs of a specific target market segment.
• C)Too much or too little emphasis on one component is encouraged as a differentiator in the market.
• D)Services differ in the degree of customer contact and interaction, labor intensity, and customization.

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Definitions:

Profit-maximizing Output

The level of production at which a business achieves the highest possible profit, where marginal costs equal marginal revenue.

Purely Competitive Firm

A firm that operates in a perfectly competitive market, where there are many buyers and sellers, the product is homogeneous, and there is free entry and exit in the market.

Output Level

The total quantity of goods or services produced by a firm or industry at a given time.

Monopolistic Competition

A market configuration where numerous companies offer products that are alike but not the same, resulting in competitiveness centered on aspects other than price.