Services Frequently Use Differential Pricing in an Attempt to Synchronize

question 102

Multiple Choice

Services frequently use differential pricing in an attempt to synchronize supply and demand.Hotels frequented by business travelers often offer discounts for weekend bookings.Cinemas have lower prices for matinee shows.This is a way to contend with the service characteristic of:

• A) variability
• B) perishability
• C) intangibility
• D) inseparability
• E) simultaneous production and consumption

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Definitions:

Duo-servo Type Brake

A brake system design where the brake shoes both push against each other and the drum, increasing braking force through a self-energizing effect.

Shoe

A type of footwear designed to protect and comfort the human foot.

Hand-operated Parking Brake

A manually controlled system that locks the brakes to prevent a vehicle from rolling when parked.

Latch

A mechanical fastener that joins two objects or surfaces, allowing for easy separation or access.