Service ________ Means That Services Cannot Be Stored for Later

question 27

Multiple Choice

Service ________ means that services cannot be stored for later sale or use.

• A) consistency
• B) perishability
• C) variability
• D) intangibility
• E) inseparability

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Definitions:

Employee Services

Various support services provided by employers to enhance the well-being and productivity of their workforce, such as health care, counseling, and transportation.

Flexible Versus Fixed Benefits

A comparison between two types of benefits; flexible benefits can be tailored to individual needs, while fixed benefits are standardized and not changeable.

Health Care Spending Account

A tax-advantaged account that employees can use to pay for eligible health care expenses not covered by insurance.

Benefits System

A structured approach an organization uses to administer employees' non-wage compensations, such as health insurance, retirement plans, and other perks.