Why Are Inventory of Services Different from That of Products

question 224

Multiple Choice

Why are inventory of services different from that of products?

• A)Time is less important to customers of services than customers of products.
• B)Only service inventory can be reduced through more efficient movement of products.
• C)There are larger costs associated with the handling of service inventory.
• D)Unlike goods providers,the service provider is often unavailable when there is a demand for the service.
• E)Service inventory costs are related to idle production capacity rather than storage or handling.

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Definitions:

Interpret Them

The act of understanding and explaining the meaning or significance of something.

Sociobiology

A scientific field that explores the biological basis of social behavior in animals and humans.

Evolutionary Sociology

An approach within sociology that uses evolutionary theory to understand the development and variations of social structures, practices, and institutions over time.

Darwinian Sociology

An approach in sociology that applies the principles of Darwin's theory of natural selection to the study of social behavior and structures.