Select the One Best Answer from the Following

question 18

Multiple Choice

Select the one best answer from the following:

• A) demand fluctuations that depend on the time of the year, week or day are called seasonality
• B) The seasonal index is an estimate of how much the demand during the season will be above or below the average demand
• C) seasonality ALWAYS occurs in summer, winter, spring and fall
• D) a and b are true
• E) b and c are true

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Definitions:

Service Sector

Businesses that provide services, rather than tangible goods.

Productivity Decrease

A reduction in the efficiency at which an organization or economy converts inputs into outputs, often leading to lower output per unit of input.

Capital Intensive

Refers to businesses or industries that require large amounts of money and resources to produce goods or services.

Service-Related

Pertaining to activities or businesses that focus on providing services, rather than producing goods, to customers or clients.