Examlex
Which of the following types of business would normally have the longest operating cycle?
Electricity
A form of energy resulting from the existence of charged particles, used for power and a variety of applications in the modern world.
Medical Services
Healthcare and treatment provided by trained medical professionals to diagnose, treat, and prevent illness or injury.
Brand Loyalty
The tendency of consumers to continuously purchase products from the same brand due to satisfaction, preference, or perceived superiority.
Elastic
A description of a situation where the demand or supply for a good or service significantly changes in response to a change in price.
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