Which of the Following Is a Major Factor That Distinguishes

question 6

Multiple Choice

Which of the following is a major factor that distinguishes service design and development from manufacturing design and development?

• A) The service process and service product can be developed independently.
• B) The service package has the same legal protection available to manufactured goods.
• C) The service package is the major output of the development process.
• D) Manufacturing is far more capital intensive than services.
• E) Capacity decisions are much more critical in manufacturing operations.

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Definitions:

Private Saving

The portion of individuals' or households' income that is not used for consumption or paying taxes, typically used for investment or future spending.

Government Budget

A financial statement presenting the government's projected revenue and expenditure for a specific period.

National Saving

The total amount of savings generated within a country, which includes both private savings by households and businesses, and public savings from government budgets.

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are managed by professionals.