Service Firms Are Different from For-Profit Businesses in All of the Following

question 24

Multiple Choice

Service firms are different from for-profit businesses in all of the following ways EXCEPT

• A) They cannot hold inventory.
• B) They develop personal relationships.
• C) They offer services that are highly perishable.
• D) They provide services on demand.
• E) They require controls at many different points.

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Definitions:

Unconditional Victory

A complete and total win in a conflict or competition without any conditions or compromises.

European Union

A political and economic union of 27 member countries that are located primarily in Europe, aiming to ensure free movement of goods, services, and people.

Euro

The European Union’s common currency.

NAFTA

The North American Free Trade Agreement, a treaty among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries.