Which of the Following Is True Due to the Inseparability

question 95

Multiple Choice

Which of the following is true due to the inseparability of services?

• A)Service businesses cannot offer a free trial of their products.
• B)A service is produced and consumed at the same time.
• C)It is difficult to make a prepurchase evaluation of quality.
• D)It is impossible for service businesses to exactly match supply with demand.
• E)It is difficult for service businesses to live up to guarantees.

Recognize formal research methods and their applications in business.

Grasp the cultural dimensions that influence business interactions and communication strategies.

Practice concise writing to enhance clarity and effectiveness in business messaging.

Employ strategies to reduce misunderstandings in cross-cultural communication.

---

Definitions:

Adverse Selection

Adverse selection is a situation in financial markets where there is asymmetric information leading buyers or sellers to make decisions that can result in the market becoming skewed or unbalanced, often seen in insurance markets.

Insurance

A contract represented by a policy, where an individual or entity receives financial protection or reimbursement against losses from an insurance company.

Risk Averse

A description of an individual's or entity's preference to avoid risk, often by choosing options with certain outcomes over those with higher degrees of uncertainty.

Insurance

A form of risk management primarily used to hedge against the risk of a contingent or uncertain loss.