By Installing ATMs,banks Have Increased Production Capacity and Reduced the Number

question 34

Multiple Choice

By installing ATMs,banks have increased production capacity and reduced the number of personnel.This results in a decrease in

• A) perishability.
• B) intangibility.
• C) customer contact.
• D) inseparability.
• E) customer service.

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Definitions:

National Security

The policies and measures that a nation undertakes to protect its citizens, economy, and institutions against external threats or aggression.

Tariffs

Taxes imposed on imported goods, often to protect domestic industries.

Tariff

A government levy placed on goods that are imported or exported.

Quota

An upper limit, set by the government, on the quantity of some good that can be bought or sold; also referred to as a quantity control.