Last November, Andrew and Jana Went to Talk to a Wedding

question 14

Multiple Choice

Last November, Andrew and Jana went to talk to a wedding consultant about planning their June wedding. The consultant congratulated them on thinking ahead and then began to ask them questions about what kind of wedding they wanted. She gave them a book that contained all the information they needed to plan a memorable wedding. They met with the consultant regularly to talk about how the plans were coming and made more decisions with her help. The consultant helped them with everything from invitations to wedding reception favors. She even went with Jana to select her wedding gown and her bridesmaids' gowns. The sort of assistance provided by the wedding consultant illustrates the _____ of services.

• A) Intangibility
• B) Comparability
• C) Divisibility
• D) Perishability
• E) Compatibility

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Definitions:

Market Share

The percentage of an industry's total sales that is earned by a particular company over a specified time period.

Revenues

Revenues are the total amount of money generated by a company from its business activities, like sales of goods and services, before any costs or expenses are deducted.

Costs Incurred

Expenses that a company has recognized or recorded, reflecting amounts spent on operations, projects, or activities.

Transfer of Accounts Receivable

The process of selling or assigning the right to collect on outstanding invoices to another party.