Intangibility Refers to the

question 114

Multiple Choice

Intangibility refers to the

• A)nonphysical nature of services as opposed to products.
• B)fact that production and consumption are inseparable for services.
• C)greater chances for variation in the performance of services than in the production of products.
• D)fact that services cannot be inventoried but must be consumed when performed.

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Definitions:

Professional Status

The regard, respect, or recognition one receives in their profession or occupation.

Going Steady

An exclusive romantic relationship where partners are committed to each other.

Engagement

The formalization of a couple’s decision to marry.

Ego Needs

Psychological necessities related to an individual's self-esteem and personal value, often including recognition, respect, and independence.