Which of the Following Characteristics Differentiates a Good from a Service

question 1

Multiple Choice

Which of the following characteristics differentiates a good from a service? 

• A) Intangibility. 
• B) Price. 
• C) Colour. 
• D) Frequency of use.

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Definitions:

Multichannel

Pertains to using multiple pathways or platforms to reach customers or conduct business.

Limited Population System

A system where the number of entities (e.g., customers, servers) is fixed or limited, affecting its dynamics and potential bottlenecks.

Unlimited Population

An assumption in certain models or systems where the potential number of entities (customers, particles, etc.) that might interact with the system is considered to be infinite.

Queue Disciplines

Rules or algorithms used to manage the order in which entities are processed or serviced within a queue, such as first-in-first-out (FIFO) or priority ordering.