All of the Following Are True About the Price Element

question 61

Multiple Choice

All of the following are true about the price element of services EXCEPT:

• A)price can be referred to in a variety of terms.
• B)price can affect consumer perceptions of the service.
• C)price techniques like on-peak pricing are used to manage variations in supply for the service.
• D)price can be used in capacity management.
• E)price can be used in services to imply a higher quality.

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Definitions:

Psychological Characteristics

Attributes of an individual that pertain to their mental and emotional state, including personality traits and cognitive functions.

Erikson's Scheme

Refers to Erik Erikson’s theory of psychosocial development, which outlines eight stages of development throughout the lifespan, each characterized by a specific psychological conflict.

Crises

Significant or sudden events requiring urgent attention and action to manage threats or emergency situations.

Libido

A term often associated with sexual drive but more broadly refers to the overall life energy or drive as conceptualized by Freud.