Which of the Following Is True of the Service Sector

question 22

Multiple Choice

Which of the following is true of the service sector?

• A)Most positions require extensive education or training.
• B)A growing fraction of positions are part-time rather than full-time.
• C)A growing fraction of positions are unionized.
• D)Quite a few of these jobs are often viewed as "men's jobs."

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Definitions:

Product Mix

The total variety of products that a company produces or sells, encompassing different lines, items, and variations offered to the market.

Product Cluster

A collection of related products marketed together to appeal to a specific market segment or satisfy a variety of needs within a related set of customers.

Growth Stage

A phase in a product or company's life cycle characterized by rapid revenue and customer base expansion.

Maturity Stage

A phase in the product life cycle or business growth where growth stabilizes and the product or business experiences minimal changes.