Which of the Following Is Not a Characteristic of a Service

question 3

Multiple Choice

Which of the following is not a characteristic of a service?

• A)Intangible
• B)Variable output
• C)Difficult to emulate
• D)Perishable

Understand the calculation and interpretation of economic profit and loss.

Analyze the impact of fixed and variable costs on a firm's decision-making process.

Apply the concepts of average total cost, average variable cost, and marginal cost in making production decisions.

Differentiate between short-run and long-run decision-making for firms in perfectly competitive markets.

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Definitions:

Developmental Stage

A period in a person's life characterized by specific developmental tasks, milestones, or achievements.

Customs And Rituals

Traditional practices and ceremonial acts followed by a community or group, often rooted in cultural or religious heritage, that symbolize important values or milestones.

Cremation

The process of reducing a body to ashes by exposing it to high heat, often followed by the storage or scattering of the ashes.

Preschool Student

A child who attends an educational institution or program designed for children before they enter compulsory education.