Most Services Have a Limited Capacity Due to the ________

question 48

Multiple Choice

Most services have a limited capacity due to the ________ of the service from the service provider and the perishable nature of the service.

• A) inventory
• B) inconsistency
• C) intangibility
• D) information
• E) inseparability

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Definitions:

Nominal Rate

The stated interest rate of a bond or loan, which does not account for inflation or compounding effects.

Fifth Payment

Typically refers to the fifth installment of a scheduled series of payments.

Bank Loan

A sum of money lent by a bank to a borrower at a specified interest rate for a fixed term or on an on-demand basis.

Quarterly Deposits

Regular payments or contributions put into a financial account or investment four times per year.