Which of the Following Statements About the Pricing of Services

question 5

Multiple Choice

Which of the following statements about the pricing of services (compared to the pricing of goods) is true?

• A)The demand for services tends to be more elastic than the demand for goods.
• B)Cost-oriented pricing is more difficult for services.
• C)Comparing prices of competitors is less difficult for service consumers.
• D)Self-service is not a viable competitive alternative.
• E)Consumers are more able to stockpile services by taking advantage of discount prices.

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Definitions:

Discrimination

Unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Physical Handicaps

Impairments that limit a person's physical capability or mobility, potentially affecting their ability to perform certain tasks or engage in everyday activities.

Mental Handicaps

An outdated term often referred to intellectual disability, which affects a person's ability to learn at an average level.

Social Security Number

A unique nine-digit number issued to U.S. citizens, permanent residents, and temporary (working) residents under section 205(c)(2) of the Social Security Act, used for tracking individuals for Social Security and other purposes.