Which of the Following Is NOT an Example of a Non-Physical

question 17

Multiple Choice

Which of the following is NOT an example of a non-physical fence?

• A)Time or duration of use.
• B)Group membership.
• C)Service level.
• D)Flexibility of ticket usage.
• E)Location of reservation.

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Definitions:

Output Level

The amount of products or services that a business or sector generates during a specific period.

Plant Sizes

Refers to the scale or capacity of manufacturing or production facilities, impacting output, efficiency, and economies of scale.

Natural Monopoly

An industry in which economies of scale are so great that a single firm can produce the industry’s product at a lower average total cost than would be possible if more than one firm produced the product.

Unit Costs

The expense a business incurs to manufacture, warehouse, and distribute a single unit of a specific product or service.