Because Services Cannot Be Stored for Later Use, Service Managers

question 32

True/False

Because services cannot be stored for later use, service managers consider time as one of their supplies or resources.

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Definitions:

Inertia

A tendency to do nothing or remain unchanged, often leading to stagnation.

Marketplace

A venue where buyers and sellers interact to exchange goods, services, or information.

Generic Competitive Strategies

Broad approaches to competitive advantage that companies can apply across industries, often categorized into cost leadership, differentiation, and focus strategies.

Lowering Costs

Strategies or actions taken to reduce expenses and increase profitability within a business.