Inseparability in Services Means That Consumers

question 11

Multiple Choice

Inseparability in services means that consumers:

• A)see little variation from one service provider in an industry to another.
• B)are unable to differentiate price from quality.
• C)cannot evaluate a service until it is utilized.
• D)cannot and do not distinguish the deliverer of the service from the service itself.

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Definitions:

Credit-Scoring Start-Up

A new business venture focused on developing algorithms or models to assess an individual's or business's creditworthiness.

Machine Learning

A type of artificial intelligence that enables software applications to become more accurate at predicting outcomes without being explicitly programmed for those outcomes.

Makes Loans

The act of providing funds to individuals or entities with the expectation that the funds will be paid back with interest.

Germany

A country in Central Europe known for its rich history, cultural heritage, and significant contributions to art, philosophy, science, and technology.