Because Services Cannot Be Stored,much Greater Responsiveness to ________ Must

question 17

Multiple Choice

Because services cannot be stored,much greater responsiveness to ________ must exist.

• A)transparency
• B)perishability
• C)supply chains
• D)demand fluctuation
• E)channel designs

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Definitions:

Operating Cycle

The duration of time it takes for a company to buy inventory, sell it as finished goods, and collect cash from the sales.

Credit Sales

Sales made by a business where payment is delayed, allowing the customer to pay at a later date.

Selling Expenses

Costs incurred directly in the selling of products or services, including advertising, sales commissions, and retail store expenses.