Which of the Following Is a Feature of Services

question 1

Multiple Choice

Which of the following is a feature of services?

• A) There is no customer involvement in production.
• B) Time of production is different from time of consumption.
• C) They can be stored for peak demand.
• D) They are highly perishable.

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Definitions:

Feasible Region

In optimization problems, the set of all possible points that satisfy the problem’s constraints.

Optimal Product Mix

The combination of products that maximizes profit or utility under specific constraints and market conditions.

Linear Programming

A mathematical method used to find the best possible outcome in a given mathematical model with linear relationships.

Investment Portfolio

A collection of stocks, bonds, or other investment vehicles chosen by an individual or institution to achieve specific financial goals.