The Use of Brand Names Is Especially Important for Services

question 80

Multiple Choice

The use of brand names is especially important for services because of which unique characteristic of services?

• A)inventory costs
• B)inseparability
• C)inconsistency
• D)indeterminism
• E)intangibility

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Definitions:

Confidence Level

A statistical measure that quantifies the uncertainty or certainty in a sampling method, often expressed as a percentage.

Mean Cholesterol Level

The average amount of cholesterol present in the blood, calculated by summing all cholesterol levels and dividing by the number of observations.

Random Sample

A smaller group selected from a broader group, ensuring each person has the same probability of selection.

Confidence Interval

With a certain probability, a specified interval in statistics presumed to include the actual value of a parameter from a population whose characteristics are not known.