That Consumers Must Be Present During the Production of Services

question 110

Multiple Choice

That consumers must be present during the production of services points to the ______ of services.

• A) intangibility
• B) heterogeneity
• C) inseparability
• D) perishability

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Definitions:

Quantity Changes

Variations in the amount of goods and services produced, purchased, or sold, often in response to market demand or supply conditions.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate inflation.

Economy's Production

The total output of goods and services produced by a country's economy over a specific period.

Goods And Services

The output produced by economic activities which are either tangible products or intangible acts benefiting individuals or society.