Choose the Service Type That Is Correctly Matched with One

question 51

Multiple Choice

Choose the service type that is correctly matched with one of its key characteristics.

• A)Service factory-facilities and equipment represent a large proportion of total costs.
• B)Service shop-there is a low degree of customer interaction.
• C)Mass service-transactions are very varied from customer to customer.
• D)Professional service-transactions tend to be fairly standardized.

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Definitions:

Domestic Suppliers

Companies that provide goods or services within the same country as the company purchasing from them.

Special Economic Zones

Geographically designated areas within a country where business and trade laws differ from the rest of the country and are more favorable to attract investments and economic activities.

Rapid Economic Growth

A period where a country's economy expands at a faster rate than its historical average, often leading to increased wealth and employment opportunities.

Foreign Investment

Investment by individuals or companies in assets or businesses located in another country.