What Does Idle Production Capacity Refer To

question 62

Multiple Choice

What does idle production capacity refer to?

• A)a situation where the demand for exceeds the availability of service providers and as a result, no services can be offered
• B)when the supply of service providers exceeds the primary demand for the service
• C)a situation where a service provider is available but there is no demand for the service
• D)integrating the service component of the marketing mix with efforts to influence consumer demand
• E)the potential profits of one service provider serving multiple clients at the same time

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Definitions:

Contingency Table

A statistical table that displays the frequency distribution of variables to analyze the relationship between them.

Demonstrating Causality

The process of proving a cause-and-effect relationship between two variables, showing how one directly influences the other.

Spurious Association

A relationship between two variables that appears causal but is actually due to the effect of some external or intervening variable.

Non-Spuriousness Test

A method in statistical analysis to determine if a relationship between two variables is genuine and not due to the influence of some other variable.