One Primary Difference Between Services and the Production of Goods

question 181

Multiple Choice

One primary difference between services and the production of goods is that services are consumed ____ whereas goods can be ____.

• A) one at a time; consumed more than one at a time
• B) immediately; stored
• C) intangibly; tangible or intangible
• D) later; consumed now
• E) as they are produced; special ordered

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Definitions:

Passenger Behavior

The study of the actions and reactions of passengers in a variety of transportation contexts, aiming to improve safety, efficiency, and comfort.

Personalized Recommendations

Tailored suggestions made to users based on analysis of their preferences, behaviors, and data.

Buyer Power

The influence that consumers have on the pricing and availability of goods and services in a market.

Loyalty Programs

Marketing strategies designed by businesses to encourage repeat customers by offering rewards, discounts, or other incentives.