Exam 15: Services

The counseling by a teacher,even if it is provided on the same day by the same person,may vary substantially depending on the student.But over time,even for the same student,the counseling may change.As a result,service offerings are not directly comparable.This refers to:

For services that are delivered mainly in support of or in conjunction with goods,the most sensible approach for the international novice is to follow the path of the service.

Only a limited segment of the total range of U.S.services is sold internationally.

In the past decades,the U.S.economy has increasingly become a(n)________ economy.

________is known as active participation of customers in the provision of services they consume.

The inability to be seen,tasted,or touched in a conventional sense is known as ________.

Perception of a business activity as having an effect on a country's financial resources,often used to restrict competition from firms outside the country is known as ________.

It is relatively easy to collect valid,reliable data on the service trade.

The trip abroad of a consultant for business purposes may be hard to track and measure.This represents a(n)________ problem in the service trade.

Consumers of medical services in the developed world have started to look to exotic destinations like Brazil and Thailand in search of high-quality healthcare at a fraction of the cost.

A legally enforceable pact among WTO participants that covers trade and investments in the services sector is called the ________.

Of the following,which best explains the difference between goods and services?

Rules which do not differentiate between domestic and foreign firms all affected alike are called ________.

The Federal Trade Commission Act was the first multinational,legally enforceable agreement covering trade and investment in the services sector.

The most powerful motivator for worker migration is ________.

________ refers to a legally enforceable pact among WTO participants that covers trade and investments in the services sector.

Technology has sharply reduced ________.

The close interaction with customers also points to the fact that services often are ________.

Some firms do not perceive their existing competitive advantage in the international service arena.

A new type of business which requires some time to get started is called a(n)________.