Services Tend to Be Characterized By

question 42

Multiple Choice

Services tend to be characterized by:

• A)search attributes.
• B)experience attributes.
• C)credence attributes.
• D)search and experience attributes.
• E)experience and credence attributes.

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Definitions:

Component Commonality

The use of the same parts or materials in multiple products or systems to reduce inventory and increase efficiency.

Aggregation

the process of combining multiple elements, data, or inputs into a summarized or unified whole, often used in the context of data analysis or planning.

Periodic Review Policies

Inventory management techniques that involve reviewing and adjusting inventory levels at fixed intervals to ensure adequate supply.

Safety Inventory

Extra inventory held as a buffer against uncertainty in demand or supply, to ensure service levels.