Which of the Following Represents a Common Way to Manage

question 116

Multiple Choice

Which of the following represents a common way to manage capacity in the service sector?

• A) appointments
• B) reservations
• C) changes in staffing levels
• D) first-come, first-served service rule
• E) "early bird" specials in restaurants

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Definitions:

Competitive Advantage

A business strategy that allows a company to outperform its competitors, often through greater market share, lower costs, or superior quality.

Vendors

Individuals or companies that sell goods or services to another entity, usually as part of the supply chain in a specific commercial transaction.

Service Sector

The segment of the economy that provides services rather than producing goods, including sectors like healthcare, education, and finance.

Entrepreneurship

The activity of setting up a business or businesses, taking on financial risks in the hope of profit.