A Society That Is Primarily Concerned with Providing Services Rather

question 26

Multiple Choice

A society that is primarily concerned with providing services rather than manufacturing goods is a(n)

• A)preindustrial society.
• B)post-industrial society.
• C)industrial society.
• D)postmodern society.

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Definitions:

Less Expensive

Characteristic of a product, service, or proposition that costs less, making it more affordable or providing a budget-friendly option.

Loss Leader

A pricing strategy whereby a business offers a product or service at a lower price in an attempt to attract more customers.

Psychological Pricing

A pricing strategy that plays on the psychological perception of prices by consumers, often using prices that are slightly lower than a round number to encourage purchases.

Value-Based Pricing

A pricing method that involves pricing a product based on how it benefits the customer.