When Marketers State That Services Are ____________,They Are Referring to the Fact

question 41

Multiple Choice

When marketers state that services are ____________,they are referring to the fact that services are not always of the same quality from one time period to another or from one service provider to another.

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

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Definitions:

Monopolistically Competitive

A market structure characterized by many firms selling products that are similar but not identical, leading to competition based on product differentiation.

Monopoly

A market structure where a single firm controls the entire market for a particular good or service.

Demand Curves

Graphs that illustrate the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at different prices.

Monopolistically Competitive

A market structure where many firms sell products that are differentiated from one another but can act as substitutes, allowing for some control over pricing.