A Situation That Occurs When a Service Provider Is Available

question 194

Multiple Choice

A situation that occurs when a service provider is available but there is no demand is referred to as

• A) off-peak pricing.
• B) idle production capacity.
• C) static demand.
• D) capacity management.
• E) excess inventory.

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Definitions:

Prices

The amount of money required to purchase goods or services, often determined by factors such as supply and demand.

Sensory Adaptation

The phenomenon where sensory receptors reduce their sensitivity to unchanging stimuli over time, enabling organisms to concentrate on environmental changes.

Selective Attention

The process by which a person focuses on one input or task while ignoring other stimuli or information that is also present.

Neural Fatigue

A temporary reduction in the ability of neurons to generate responses, often due to prolonged activity or stimulation.