The Complexity of Service Costs for the Categories of (I)

question 47

Multiple Choice

The complexity of service costs for the categories of (i) professional services, (ii) service shops and (iii) mass services is low, medium or high. For each service category (i) , (ii) and (iii) , it is:

• A) high, low, low.
• B) low, medium, low.
• C) low, high, low.
• D) high, medium, low.

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Definitions:

Internal Data Sources

Information collected from activities within the organization, used for decision making and strategic planning.

Test Market

A geographic region or demographic group used to gauge the potential success of a product or service before a wider market launch.

Experimental Market

A market or test area where new products or services are introduced to measure consumer response and behavior.

Simulated Market

An artificial environment created for research, training, or testing, mirroring real-world market conditions without the economic risks.