Service Firms Often Have Greater Pricing Flexibility

question 11

Essay

Service firms often have greater pricing flexibility.Using the example of a bus service, discuss the reasons and management implications of this.

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Definitions:

Mechanistic Behavior

Behavior explained through physical or mechanical processes, often neglecting emotional or psychological factors.

Mask

A facade or front that an individual presents to the world, often concealing their true thoughts or feelings.

Social Networking Sites

Online platforms where individuals can create profiles, interact with friends and strangers, share information, and participate in various forms of social activities.

Self-image

An individual's perception of their attributes, abilities, and overall value, which forms a critical aspect of their identity.