In What Ways Do Perishability and Intangibility Affect the Pricing

question 157

Essay

In what ways do perishability and intangibility affect the pricing of services?

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Definitions:

CD-Rom Drives

Optical disc drives used in computers for reading data stored on CD-ROMs, a form of storage media commonly used for software and media distribution.

Tariffs

Taxes imposed by a government on goods and services imported from other countries, often used to protect domestic industries.

United States

A country located in North America, known for its large economy and diverse population.

Price

The payment sum forecasted, compelled, or allocated for a specific transaction.