Which of the Following Service Characteristics Can NOT Be Adjusted

question 33

Multiple Choice

Which of the following service characteristics can NOT be adjusted to stretch or shrink production capacity to accommodate the anticipated level of customer patronage?

• A)The service facility
• B)The service personnel
• C)The service equipment
• D)None of these characteristics can be used to adjust a service organization's production capacity.
• E)All of these characteristics can be used to adjust a service organization's production capacity.

Comprehend the reasons borrowers value money and the purposes for which they seek loans.

Understand the relationship between interest rates, investment decisions, and the demand for loanable funds.

Interpret how changes in interest rates affect the behavior of borrowers and lenders in the marketplace.

Understand the basic concepts of the loanable funds theory including supply and demand dynamics.

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Definitions:

Import

Items or services imported from one nation to another for the purpose of selling.

Adam Smith

An 18th-century Scottish economist and philosopher regarded as the father of modern economics, known for his work on free markets and the division of labor.

Cost More

Refers to an increase in the price or expense required to purchase or produce something compared to a previous period.

World Trade Organization

An international organization designed to supervise and liberalize world trade, by providing a forum for negotiating trade agreements and a dispute resolution process.