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In What Ways Does Intangibility Affect the Pricing of Services

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Essay

In what ways does intangibility affect the pricing of services?


Definitions:

Group

A number of individuals who are connected to each other by social relationships.

Adherence

The act of following closely or exactly to a set of rules, beliefs, or a prescribed course of treatment.

Minimum Time

The shortest duration in which a specific task or activity can be accomplished.

Direct Instruction

A teaching method that is structured, sequenced, and led by teachers, involving explicit teaching of specific skills or concepts.

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