Services Frequently Use Differential Pricing in an Attempt to Synchronize

question 79

Multiple Choice

Services frequently use differential pricing in an attempt to synchronize supply and demand.Hotels frequented by business travellers often offer discounts for weekend bookings.Cinemas have lower prices for matinee shows.This is a way to contend with which service characteristic?

• A) intangibility
• B) simultaneous production and consumption
• C) perishability
• D) variability

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Definitions:

Mortality Rates

An indicator that determines how often deaths occur within a specific group of people over a given time period.

European Americans

Individuals in the United States who are of European descent, also commonly referred to as White Americans.

Asian Americans

A diverse group of Americans of Asian descent, encompassing various cultures, languages, and backgrounds.

Environmental Factors

External elements including climate, pollutants, and socio-economic conditions that can affect health, behavior, and life processes.