Examlex
Which of the following terms is from the Latin origin meaning passage?
Channel Functions
Activities that enable the transfer of goods from the producer to the consumer, including physical distribution, financing, and information sharing.
Perishability
A characteristic of services indicating that they cannot be stored for future use and their value vanishes if not consumed within a particular period.
Service Capacity
The maximum output or amount of service that can be provided by a business in a given period.
Reference Pricing
A pricing strategy where the price of a product is determined relative to the price of other similar products or services in the market.
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