All of the following are true about the price element of services except

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On-peak pricing is typically used in industries that have a fixed capacity or supply at certain times, such as transportation or utility companies. Services, on the other hand, often have greater flexibility in capacity management and do not rely on on-peak pricing as a primary tool. Therefore, while price can be used in capacity management and to imply quality, it is not typically utilized in on-peak pricing for services.

All of the Following Are True About the Price Element