Because Services Cannot Be Stored, Much Greater Responsiveness to Demand

question 47

True/False

Because services cannot be stored, much greater responsiveness to demand fluctuation must exist, and therefore, much greater pricing flexibility must be maintained.

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Definitions:

Tie Shoes

The skill of fastening shoelaces, which involves fine motor coordination and is commonly taught to young children as part of developing independence.

Implicit Memories

Memories that influence our behaviors and thoughts without our conscious awareness, such as skills and conditioned responses.

Automatic Processing

The subconscious and effortless processing of information, which enables people to perform tasks without actively thinking about them.

Encode

The process of converting information into a particular form for efficient storage, processing, or transmission.