Pollution Is Considered an External Cost Because;

question 3

Multiple Choice

Pollution is considered an external cost because;

• A)it has a harmful effect borne only by people who purchased the product that caused it.
• B)its cost to the environment is not reflected in the price of the product that produces it.
• C)it has a significant impact on the consumer's decision to buy the product that causes it.
• D)it is a hidden cost that would increase demand if the consumer were aware of it.

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Definitions:

Management by Walking Around

A management style where managers informally walk around the office or company premises to check on the work and interact with employees.

Service With a Smile

A customer service philosophy that emphasizes the importance of greeting and serving customers with a friendly demeanor.

Stressful Part

Refers to an aspect or component of a situation, job, or process that causes significant stress or anxiety.

Service Quality Dimensions

Refers to the various factors that customers consider when evaluating the quality of a service, typically including tangibles, reliability, responsiveness, assurance, and empathy.