Identify the Incorrect Statement Concerning Services

question 9

Multiple Choice

Identify the incorrect statement concerning services.

• A)Services are the fastest-growing sector of developed economies.
• B)Good services improve customer loyalty over the long term.
• C)The intangible nature of services creates unique challenges for marketers.
• D)Efficient services are always tied to a physical product.

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Definitions:

Current Assets

Current assets refer to the resources owned by a company that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle of the business.

Profits

The financial gain realized when the revenue from business activities exceeds the expenses and costs.

Financial Ratios

Calculations that compare important financial aspects of a business.

Equity

The value of an ownership interest in a business, after subtracting liabilities from assets.