Andrea Arenas Is the Owner of 2 Places at 1

question 118

Multiple Choice

Andrea Arenas is the owner of 2 Places at 1 Time, a concierge company. She and her staff of 60 perform everyday services, such as walking the dog, picking up cleaning, waiting for the repairman, and going to the post office for people who are too busy to perform these tasks. One way she tries to avoid ________ of services for her regular customers is to make sure that the same well-trained person is always assigned to work for the same client.

• A) inseparability
• B) inconsistency
• C) incongruity
• D) inflexibility
• E) intangibility

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Definitions:

Short-Run Equilibrium

A state in a market or economy where supply and demand are balanced but can change due to short-term fluctuations.

Economic Profit

The separation between a company's complete financial intake and its aggregate financial obligations, incorporating both definite and subtle costs.

Marginal Cost

The cost associated with the production of an additional unit of a product or service.

Maximizing Profit

The process of adjusting inputs and outputs to achieve the highest possible return from business activities.