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Which of the following would tend to increase the difference between the actual time customers spent waiting and the perceived time spent waiting by those customers?
(I) Lots of experience with the service on the part of customers(II) Anxiety on the part of customers(III) A pleasant physical environment for the customers
Economic Theory
An organized set of concepts and principles that aims to explain how economies function and to provide a framework for economic policy decisions.
Anomaly
An anomaly refers to something that deviates from what is standard, normal, or expected, often presenting a challenge to conventional understanding.
Principle
A basic principle or statement that acts as the cornerstone for a belief system or behavior, or as the starting point for a sequence of logical arguments.
Hypothesis
A proposed explanation for a phenomenon, based on limited evidence as a starting point for further investigation.
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