Which of the Following Is True of Services Offered by Business

question 128

Multiple Choice

Which of the following is true of services offered by business organizations?

• A)The tangibility of services can be reduced through training and standardization.
• B)Marketing of services is less challenging compared to marketing of products.
• C)The inconsistent nature of services does not provide an opportunity for marketers to use it to their advantage.
• D)The perishability of services is a challenge for marketers as they have to match the demand and supply.
• E)Services cannot be produced and consumed at the same time.

Grasp the importance of interpersonal trust and factors influencing it in personal and professional relationships.

Contrast and comprehend the differences between convergent and divergent thinking, and fluid and crystallized intelligence.

Recognize the significance of leadership styles and the dynamics of leader-follower relationships.

Analyze the principles of effective leadership and the traits that define successful leaders.

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Definitions:

Small Business

A business owned by an individual, partners, or a private group, characterized by having a smaller workforce and generating lower yearly income compared to larger corporations or standard businesses.

Lawyer

A professional who is qualified to offer advice about the law or represent someone in legal matters.

Chapter 7 Bankruptcy

A type of bankruptcy that involves the liquidation of assets to repay creditors, resulting in the discharge of most debts.

Liquidated

Converted into cash or sold off, typically used in the context of dissolving a business and settling debts.