Which of the Following Statements Does Not Apply to a Service

question 8

Multiple Choice

Which of the following statements does not apply to a service?

• A)A service is produced and consumed at the same time.
• B)A service is almost impossible to inventory.
• C)Many services lack transportability.
• D)Services are easily standardized.
• E)Production capacity in many services is perishable.

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Definitions:

Spending Power

Refers to the capacity of consumers to purchase goods and services, often influenced by their disposable income and economic conditions.

Racial/Ethnic Subcultures

These refer to distinctive groups within a society or area, characterized by shared cultural heritage, language, religion, and often racial characteristics, influencing consumption patterns and marketing strategies.

African Americans

A demographic group in the United States consisting of individuals who have ancestry from the black racial groups of Africa.

Homogeneous Divisions

Sections within an organization that possess a uniform structure or composition, especially in terms of operations or workforce.