Services Are Defined and Evaluated as a Package of Features

question 3

True/False

Services are defined and evaluated as a package of features that affect the five senses.

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Definitions:

Computerization

The process of applying computers and technology to automate tasks, improve efficiency, and store and process information.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods and services that can be produced with limited resources.

Production Possibilities Curve

A graph that shows the different quantities of two goods that an economy can produce using all its resources efficiently.

Unemployment Rate

The segment of workers within the labor force not employed but searching for work.