A Situation That Occurs When a Service Provider Is Available

question 194

Multiple Choice

A situation that occurs when a service provider is available but there is no demand is referred to as

• A) off-peak pricing.
• B) idle production capacity.
• C) static demand.
• D) capacity management.
• E) excess inventory.

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Definitions:

FTC Act

Refers to the Federal Trade Commission Act which established the Federal Trade Commission (FTC) and empowers it to prevent unfair competition and prohibit deceptive practices in commerce.

Misleading Claim

False or deceptive statements made about a product or service that can confuse the consumers or lead them to have incorrect impressions.

Lanham Act

A piece of legislation that acts as the primary federal trademark statute in the United States, providing protection to trademark owners in their brand names and logos.

Trademark Registration

The process of legally registering a trademark with the appropriate government authority, securing exclusive rights to use the mark in identifying goods or services.