Which of the following statements about the pricing of services (compared to the pricing of goods) is true?
A)The demand for services tends to be more elastic than the demand for goods.
B)Cost-oriented pricing is less difficult for services.
C)Comparing prices of competitors is less 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

Self-service can be a viable competitive alternative in the service industry, allowing businesses to reduce costs and offer competitive pricing.

Which of the Following Statements About the Pricing of Services