How does labor specialization assist in reducing labor costs? (List three ways.)
What will be an ideal response?
1. development of dexterity and faster learning by the employee because of repetition; 2. less loss of time because the employee would not be changing jobs or tools; 3 . development of specialized tools and the reduction of investment because each employee has only a few tools needed for a particular task
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Services frequently use differential pricing in an attempt to synchronize supply and demand. Hotels frequented by business travellers often offer discounts for weekend bookings. Cinemas have lower prices for matinee shows. This is a way to contend with which service characteristic?
a. intangibility b. simultaneous production and consumption c. perishability d. variability
The macroscheduling decision calls for allocating advertising expenditures within a short period to obtain maximum impact
Indicate whether the statement is true or false