Inventory of Services Differs from That of Products in What

question 346

Multiple Choice

Inventory of services differs from that of products in what way?

• A)Time is less important to customers of services than customers of products.
• B)Only service inventory can be reduced through more efficient movement of products.
• C)There are larger costs associated with the handling of service inventory.
• D)Unlike goods providers, the service provider is often unavailable when there is a demand for the service.
• E)Service inventory costs are related to idle production capacity rather than storage or handling.

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Definitions:

Henry Ford

An American industrialist and founder of the Ford Motor Company, who revolutionized factory production with his assembly-line methods.

Max Ringelmann

A French agricultural engineer who discovered the Ringelmann effect, noting that individual productivity decreases as the size of a group increases.

Highly Assertive

Characterized by confident and forceful behavior or attitudes, especially in stating one's opinions or claiming one's rights.

Relationship-oriented

A focus or preference for building and maintaining strong interpersonal connections and valuing relationships over tasks or goals.