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In What Ways Do Perishability and Intangibility Affect the Pricing

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Essay

In what ways do perishability and intangibility affect the pricing of services?


Definitions:

Extrinsic Motivation

Motivation driven by external rewards or pressures rather than by intrinsic interest or enjoyment in the task itself.

Self-Disclosure

The act of revealing personal, private information about oneself to others, which can deepen relationships and build trust.

Semistarvation

A state of severe undernourishment causing noticeable physiological and psychological effects due to lack of adequate food intake.

Energy Expenditure

The amount of calories burned by the body’s internal functions and external activities.

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