Exam 1: The Service Economy

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Sharing service resources among customers presents a challenge for mangers.

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The Clark-Fisher hypothesis notes the shift of employment from one sector of the economy to another.

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In contrast to manufacturing, the aesthetics of the environment play a major role in the customer's perception of the service.

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Which one of the following reasons best explains the recession-resistant nature of services?

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The key technology of a postindustrial society is ________.

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Services are deeds, processes, and performances.

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Which among the following strategies is used by fast-food restaurants to reduce costs?

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The consumer participates in the service process, which is not the case in manufacturing.

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The presence of a friendly desk clerk in a budget hotel is an example of which of the four features of a service package?

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A study of service systems must begin with the fundamental idea that the basic inputs are supporting facility, facilitating goods, labor, and capital. The output is the service offered.

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Which service offering is best described by the following service mix: a high degree of customer interaction and a high degree of labor intensity?

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Value for the "business service experience" is derived from co-creation.

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Little or no interaction between customer and service provider is required when the service is customized

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A standardized experience is a feature of the new experience economy.

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Which of the following is not a feature of the new experience economy?

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The fact that services can be inventoried is an important characteristic, which distinguishes them from manufacturing.

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From an open-systems view, the output of a service system consists of satisfied customers.

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Personnel training is a criterion for evaluating the explicit services feature of the service package.

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The concept of economies of scale is best described as

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Which one of the following is not a value-added service provided by a manufacture to increase profits?

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