Which of the Following Is True of Inseparable Services

question 15

Multiple Choice

Which of the following is true of inseparable services?

• A)Inseparable services can be distributed only by third parties.
• B)The service quality of inseparable services is completely standardized due to the ability to completely mechanize the service encounter.
• C)Inseparable services cannot be produced and marketed simultaneously.
• D)The main concern of a marketer of inseparable services is usually the creation of time and place utility.

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Definitions:

Periodic Inventory System

An inventory valuation method where the inventory count and cost of goods sold is determined at the end of the accounting period.

Terms 4/15, N/60

A commercial credit term indicating that a 4% discount is available if paid within 15 days, with the net (full) amount due within 60 days.

Discount Lost

The expense incurred when a company fails to take advantage of the early payment discounts offered by suppliers.

Gross Method

An accounting method for recording purchases at the invoice's gross amount before any trade discounts are subtracted.