How does intangibility affect inventorying services? Explain with an example
What will be an ideal response?
In many cases, when a service is not performed at a particular time, the revenue is lost forever and cannot be recaptured. An example of this is when a FedEx jet takes off with unfilled capacity. Although later planes may be filled, the lost revenue from the unfilled one is gone because the space cannot be held for later purchase.
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Which of the following statements is true when comparing the Solver setup of the transportation model to the setup of the transshipment model?
a. The "By Changing Variable Cells" box of the transportation model has one set of decision variables, while the transshipment model has two sets of variables. b. The transportation model has one set of constraints, while the transshipment model has two sets of constraints. c. As in the transportation model, there is a third constraint in the transshipment model that ensures that, for each warehouse, the amount of units received from plants equals the units delivered to retail stores. d. All of the above
A pay increase, a new title, flexible work hours, or increased job autonomy are examples of incentives that can help reduce resistance to change
Indicate whether the statement is true or false