Which of the Following Terms Refers to Add-On Services Such

question 29

Multiple Choice

Which of the following terms refers to add-on services such as credit, delivery, installation, and repairs, and is provided by a marketing channel?

• A) service backup
• B) product accessories
• C) external products
• D) product variety
• E) service extensions

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Definitions:

Households

Entities consisting of one or more people who live together and make joint decisions on consumption and other economic activities.

Firms

Business entities that produce goods or services, usually with the intention of selling them for a profit.

Opportunity Cost

The value of the best alternative forgone when a decision is made to use resources for a particular purpose.

Wage Increases

An upward adjustment in the amount of compensation employees receive for their work, often in response to inflation, productivity, or market demand.