When It Is Said That a Service Cannot Be Separated

question 12

Multiple Choice

When it is said that a service cannot be separated from the provider,and that a service's quality can only be as good as that of the provider himself or herself,the service is said to have __________.

• A)Variability
• B)Creativity
• C)Nonvalence reward for returns
• D)Nordstrom's concept
• E)All of these

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Definitions:

Working Capital Financing Policies

Strategies that manage the short-term assets and liabilities to ensure a company has adequate funds to meet its operational needs.

Permanent Working Capital

The minimum amount of investment in current assets that a company needs to sustain its business operations.

Short-Term Debt

Describes obligations and loans that are due to be paid back within a year.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and efficiency in managing its operational needs.