The Intangibility Aspect of a Service Means That

question 41

Multiple Choice

The intangibility aspect of a service means that

• A) there is a lack of perceived quality compared to a tangible good.
• B) unused capacity cannot be stockpiled or inventoried for later use.
• C) consumers may have a problem evaluating service offerings.
• D) services are not produced at the same time they are consumed.
• E) services are not labor-intensive.

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Definitions:

Equivalent Amount

The equal value of currency or expression of a sum in a different form or denomination, maintaining its value.

C$ Strengthens

When the Canadian dollar increases in value compared to other currencies.

£0.0021

A specific monetary value in British pounds, often representing a small amount of money.

Currency Exchange Rates

The value one currency holds in the exchange for another currency.