Which of the Following Statements Is True About the Service

question 43

Multiple Choice

Which of the following statements is true about the service industry?

• A) The service industry provides no scope for developing niche strategies.
• B) The service sector is dominated by large companies that prevent small businesses from entering the industry.
• C) The service industry provides low returns on the time invested.
• D) Service businesses require more resources than any other industry.
• E) Service businesses are the fastest-growing segment of small-business enterprise.

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Definitions:

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