The Term "Servicescape" Means

question 13

Multiple Choice

The term "servicescape" means:

• A)a service that provides escape for the parents of children.
• B)a way of structuring fees so that poor families can afford your center.
• C)both the physical and social environment of your center.
• D)a service that scapes your center.

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Definitions:

Minimizing Losses

A strategy or approach adopted by businesses or individuals aiming to reduce the amount of money lost in operations or investments.

Output

The total quantity of goods or services produced by a company, industry, or economic system.

Price

The amount of money required to purchase a good, service, or asset, determined by factors like supply and demand, production costs, and market competition.

Economies Of Scale

The cost advantage that arises with increased output of a product, where the cost per unit decreases as production expands.