Which of the Following Is a Characteristic of Services

question 58

Multiple Choice

Which of the following is a characteristic of services?

• A)low barriers to entry
• B)high switching costs
• C)low rivalry
• D)reduced competition

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Definitions:

Single Writer

A writing approach where only one individual is responsible for creating the content, offering a unified voice and perspective.

Basic Categories

Fundamental groups or classes into which objects or concepts are divided based on shared characteristics.

Resources

Assets, materials, or other assets that can be utilized to achieve goals or complete tasks.

Direct Costs

Expenses that are directly attributable to the production of goods or services, such as materials and labor.