The Fact That Services Cannot Be Stored and Then Sold

question 81

Multiple Choice

The fact that services cannot be stored and then sold at a later date is called:

• A) intangibility.
• B) heterogeneity.
• C) inseparability.
• D) perishability.
• E) nonstorability.

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Definitions:

Exertion of Power

The act of applying or enforcing one's authority or influence over others.

Labour Union

An organized association of workers formed to protect and further their rights and interests.

Proportional Representation

An electoral system in which the number of seats held by a political party in the legislature is proportionate to the number of votes received by that party in an election.

Political Economy

The interactions of politics, government and governing, and the social and cultural constitution of markets, institutions, and actors.