When a Service Is Produced and Marketed Simultaneously,it Is Representative

question 25

Multiple Choice

When a service is produced and marketed simultaneously,it is representative of the unique characteristic of a service which is called _____.

• A) intangibility
• B) perishability
• C) inseparablility
• D) uniformity

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Definitions:

Medical Services Industry

The sector of the economy that provides healthcare services, including hospitals, clinics, and providers of health-related services.

Peak

The transition from the end of an expansion to the start of a contraction.

Business Cycle

The fluctuation in economic activity that an economy experiences over a period, characterized by expansion and contraction phases.

Corporate Tax Rate

The proportion of a company's profits that is owed to the government as tax.