All categories

3 years ago

Which of the following is a difference between customized services and standardized services?

Business

1 answer:

Verizon [17]3 years ago

5 0

Answer:

The correct answer is the letter a. Standardized services are more efficient and cost less than personalized services.

Explanation:

The personalized services are those provided according to the characteristics of each person, that is, we seek to individualize the service to meet customer needs. Standardized services refer to services provided equally to all customers, not seeking individualization. In this respect, standardized services are more efficient and cost less, as the individual cost of service does not change, leading to lower costs as the quantity of services sold increases.

You might be interested in

Bette's Breakfast, a perfectly competitive eatery, sells its "Breakfast Special" (the only item on the menu) for $5.00. The cost

Tamiku [17]

Answer:

Bette's Breakfast should increase the price or change the cost´s structure.

Explanation:

Bette's Breakfast should increase the price to get any profits because the total of the cost of serving that breakfast is higher than the price.

Profit= price* sales -((Variable cost * sales) +Fixed cost)

Other option is changing the structure of cost per meal.

4 0

2 years ago

Read 2 more answers

Around the world oil is priced consistently in United States dollars. In economic terms this is an example of:

Zina [86]

Answer: unit of account

Explanation:

The unit of account is function of money which refers to the standard monetary unit of measurement of a good or service.

Since oil is priced consistently in United States dollars around the world, this means that dollars is the standard monetary unit of measurement and is therefore, the unit of account.

8 0

2 years ago

Luis regularly reminds his team members of the purpose of their work and why they are important to the organization. he also reg

Akimi4 [234]

Answer:

Transformational leadership style.

Explanation:

Transformational leadership creates positive change in the people and environment being led, and seeks to empower followers to better themselves and ultimately become leaders too.

7 0

2 years ago

Perform a horizontal analysis on the following information providing both the dollar amount and percentage change.

Vera_Pavlovna [14]

Answer and Explanation:

The computation of the percentage of each amount is as follows;

<u>Particulars 2020 Change Percentage of change </u>

a b (b ÷ a) × 100

Cash $170,000 $500,000 294%

Accounts Receivable $710,000 $270,000 38%

Inventory $520,000 $190,000 37%

Long Term Assets $2,100,000 -$200,000 -9.52%

Total Assets $3,500,000 $760,000 21.71%

6 0

2 years ago

Assume that the size of the underground economy increases both absolutely and relatively over time. As a result: 1. the accuracy

givi [52]

Answer:

4) GDP will tend to increasingly understate the level of output through time.

Explanation:

The GDP includes all the final and legal goods and services produced within a country during a year, and underground economies usually involve illegal activities. Since the GDP does not include underground activities (e.g. unreported income, illegal drugs, prostitution, gambling, etc.), it will understate the true level of economic activity.

The GDP only includes activities that are subject to taxes, but some economists estimate that the size of the US underground economy is between $2.25 trillion to $2.46 trillion.

3 0

2 years ago