When Marketers State That Services Are __________, They Are Referring

question 46

Multiple Choice

When marketers state that services are __________, they are referring to the fact that services cannot be stored for use in the future.

• A) intangible
• B) inseparable
• C) variable
• D) durable
• E) perishable

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Definitions:

Dependent Variable

The variable in an experiment or study that is affected by changes in the independent variable.

Multicollinearity

A situation in statistics where two or more independent variables in a multiple regression analysis are closely related, potentially leading to skewed outcomes.

Regression Models

Statistical models used to estimate the relationships among variables, often used to predict a dependent variable based on one or more independent variables.

Collinearity

A statistical phenomenon in which two or more predictor variables in a multiple regression model are highly correlated, potentially leading to unreliable estimates of the coefficients.