Which of the following statements about the pricing of services (compared to the pricing of goods) is false?
A)The demand for services tends to be more inelastic than the demand for goods.
B)Cost-oriented pricing is more difficult for services.
C)Comparing prices of competitors is more difficult for service consumers.
D)Self-service is a viable competitive alternative.
E)Consumers are more able to stockpile services by taking advantage of discount prices.

Question

Quizplus · Accepted Answer

This statement is false. Unlike goods, services cannot be stockpiled or stored for later consumption, so consumers are not more able to take advantage of discount prices by purchasing in bulk or storing them for later use.

Which of the Following Statements About the Pricing of Services