The Prices of Most Services Have Risen Much Faster Than

question 30

Multiple Choice

The prices of most services have risen much faster than inflation in recent years because

• A)wages and salaries of service providers have risen much faster than inflation.
• B)wages and salaries of service providers have risen, but their productivity has not.
• C)the productivity of service providers has risen dramatically.
• D)the demand for services has risen.

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Definitions:

Long-Range

Refers to planning, goals, or strategies extending far into the future, typically focusing on periods longer than five years ahead.

Environmentally Responsible

Commitment to conducting oneself or one's business in a way that is mindful of the environmental impact and promotes sustainability.

Ethical

Pertaining to moral principles or the branch of knowledge dealing with these, often guiding behavior in both personal and professional contexts.

Value Proposition

A statement of the fundamental benefits of the products or services being offered in the marketplace.