A Service Is Anything That Can Be Offered to a Market

question 69

True/False

A service is anything that can be offered to a market for attention,acquisition,use,or consumption and that might satisfy a want or need.

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Definitions:

Stock Dividend

A payment made by a corporation to its shareholders in the form of additional shares, rather than cash, reflecting the company's intention to reinvest profits.

Retained Earnings

Profits that a company keeps or reinvests for expansion or debt payment, rather than distributing to shareholders as dividends.

Stock Split

A corporate action to increase the number of outstanding shares by dividing each share, which typically lowers the stock price but does not affect the company's market value.

Market Price

The contemporary market price for transactions involving an asset or service.