How Is Inventory of Services Different from That of Products

question 104

Multiple Choice

How is inventory of services different from that of products?

• A) Time is less important to customers of services than customers of products.
• B) Only service inventory can be reduced through more efficient movement of products.
• C) There are larger costs associated with the handling of service inventory.
• D) Unlike goods providers, the service provider is often unavailable when there is a demand for the service.
• E) Service inventory costs are related to idle production capacity rather than storage or perishability.

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Definitions:

Emotion-focused Coping

Strategies aimed at managing and reducing the intensity of negative emotions associated with stress rather than trying to solve the stressor itself.

Social Support

The perception and actuality of being cared for, valued, and part of a network of communication and mutual obligation.

Complementary

Complementary refers to things that combine in such a way as to enhance or emphasize the qualities of each other or another.

Alternative Medicine

Practices claimed to have the healing effects of medicine but not supported by scientific evidence or established in the medical community.