Which Service Attribute Limits Expansion Possibilities for a Service Provider

question 9

Multiple Choice

Which service attribute limits expansion possibilities for a service provider?

• A)industrialization of services
• B)intangibility
• C)perishability
• D)inseparability of the service from its provider

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Definitions:

Budget Line

A graphical representation showing the combination of goods a consumer can purchase with a given income.

Money Income

The total amount of monetary earnings received by an individual or household in a specific period, including wages, salaries, and other forms of income.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, helping to illustrate preferences and the concept of utility.

Budget Line

A visual depiction of every combination of two items that can be bought within a specified budget at constant prices.