All of the Following Are Ways That a Good or Service

question 43

Multiple Choice

All of the following are ways that a good or service can be differentiated EXCEPT

• A) Responsive customer service
• B) Perceived prestige and status
• C) Economies of scale and efficient operations
• D) Engineering design and performance

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Definitions:

Sales Increase

A rise in the volume or value of goods and services sold by a business over a given period.

Total Fixed Assets

The combined value of all long-term physical assets owned by a company, which are used in the production or supply of goods and services.

Operating Capacity

The maximum output that a company can produce and sell with the current resources and technology.

Net Working Capital

A measure of a company's liquidity, calculated as current assets minus current liabilities, indicating the short-term financial health and operational efficiency of a business.