The Elements That Make Services Unique Are the Four Is

question 58

Multiple Choice

The elements that make services unique are the four Is.The four Is are:

• A)inflexibility, intangibility, inconsistency, and inseparability.
• B)intangibility, inconsistency, inseparability, and inventory.
• C)incompatibility, inconsistency, inseparability, and inventory.
• D)invisibility, inconsistency, inseparability, and intangibility.

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Definitions:

Year 1

The first year in a given time series or financial model, often the base or starting year for analysis.

Average Operating Assets

The average value of the assets used in the normal operations of a business, typically calculated over a specific period of time.

Combined Margin

A financial metric that calculates the total profitability of a product by combining different types of margins, such as gross and net margins.

Investment Opportunity

A financial investment or venture that has the potential to yield returns or profits to the investor.