Service Firms Have Reservations Systems Because

question 29

Multiple Choice

Service firms have reservations systems because

• A)intangible elements usually dominate value creation.
• B)most service products cannot e inventoried.
• C)distribution may take place through non-physical channels.
• D)customers may be involved in co-production.
• E)all of the above.

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Definitions:

Sovereign Immunity

The legal doctrine that a sovereign or state cannot commit a legal wrong and is immune from civil suit or criminal prosecution.

Agricultural Cooperatives Exemption

A legal provision that allows agricultural cooperatives to operate under specific regulatory exceptions, often for tax purposes.

Capper-Volstead Act

A U.S. federal law that grants farmers the ability to create agricultural cooperatives without risking antitrust law sanctions.

State Action Exemption

A legal doctrine exempting certain actions by the state or its entities from antitrust laws if acting within their governmental capacities.