Examlex
Which of the following is NOT one of the characteristics of services?
Marginal Utility
Marginal utility is the change in total satisfaction or utility that a consumer experiences from consuming an additional unit of a good or service.
Utility Maximization
The process by which consumers allocate their spending to achieve the greatest level of satisfaction or utility from their available resources.
Preferences
The individual choices or subjective evaluations consumers make regarding the satisfaction they expect from consuming goods or services.
Opportunity Cost
Missing out on potential gains from other choices upon selecting one option.
Q6: According to your text, the most important
Q19: Which of the following statements does NOT
Q29: As their name implies, wholesale merchants sell
Q55: By their nature, installations have a major
Q57: A pricing approach that goes beyond economics,
Q61: Which of the following lists of intermodal
Q64: The Lorne Lawn Company produces several lawn
Q80: Avon, Amway and Tupperware use which of
Q127: Analysts and creditors watch the inventory turnover
Q142: Psychological pricing considers the impact of consumer