'Servitization' Is

question 7

Multiple Choice

'Servitization' is:

• A)A training course for sales staff
• B)A term used to describe shifting from a business model in manufacturing focused on creating and delivering products to one which stresses customer value through wrapping services around core products
• C)A phrase used to describe Amazon's business strategy
• D)A software feature in new cars

---

Definitions:

Exports

Goods or services sent to another country for sale.

Dumping

The practice of selling a product in a foreign market at a price that is below the cost of production or below the price in the home market, often with the aim of driving out competition.

Producer

A producer is an individual or organization that creates goods or services for sale to consumers or other businesses.

Export

The sale of goods or services produced in one country to another country.