Examlex
Which of the following service characteristics results in variability of service quality yet provides the opportunity for customizing services to match the specific needs of individual customers?
Supply
The total amount of a good or service that is available for purchase at any given price.
Perfectly Inelastic
Describes a situation where the quantity demanded or supplied does not change in response to a price change.
Recession
A period of declining real GDP, accompanied by lower real income and higher unemployment.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices over a given period of time.
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