Services Are Intangible and Perishable

question 42

True/False

Services are intangible and perishable.

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Definitions:

Time-Consuming

Requiring a significant amount of time to complete, often more than what is considered desirable or efficient.

Costly

Involving great expense; something that requires a high amount of money or resources.

Specific Firm

Refers to a particular company or business entity mentioned or focused upon in a discussion.

Intelligent Enterprise

A business that leverages the latest technologies and data insights to improve decision-making, operations, and customer experiences.