The Rise of Services in the Global Economy
5 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following is a characteristic that makes services unique?

  • Consistency
  • Standardization
  • Perishability (correct)
  • Durability

    • What is the significance of services to the global economy according to the World Bank?

  • USD 26 trillion in 2021
  • USD 26 trillion in 2000
  • USD 62 trillion in 2021 (correct)
  • USD 62 trillion in 2000

    • What is the main challenge when it comes to quality inspections of services?

  • Perishability
  • Intangibility (correct)
  • Heterogeneity
  • Inseparability

    • What is an example of a long-term service requirement?

    <p>Office cleaning</p> Signup and view all the answers

    What should procurement professionals do to ensure value-for-money outcomes for services?

    <p>Get clear specifications from stakeholders</p> Signup and view all the answers

    More Like This

    Business Services: Types and Their Contributions
    12 questions

    Business Services: Types and Their Contributions

    RewardingAmber avatar
    RewardingAmber
    Financial Services Sector Overview
    16 questions

    Financial Services Sector Overview

    IntelligibleRomanArt avatar
    IntelligibleRomanArt
    Business Process Outsourcing
    24 questions

    Business Process Outsourcing

    ExaltedObsidian495 avatar
    ExaltedObsidian495
    Global Economy Quiz
    6 questions

    Global Economy Quiz

    UnrestrictedConcertina7105 avatar
    UnrestrictedConcertina7105
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser