Which of the Following Statements About Services Is True

question 119

Multiple Choice

Which of the following statements about services is true?

• A)Services are both tangible and intangible items.
• B)Two out of ten Canadians work in the services industry.
• C)In Canada, the service sector is responsible for over 75 percent of its workforce.
• D)The marketing of services is the same as the marketing of goods.

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Definitions:

Net Profit Margin

A profitability ratio calculated as net income divided by revenue, showing the percentage of revenue that remains as profit after all expenses are paid.

Total Asset Turnover

A financial ratio that measures a company's efficiency in using its assets to generate sales.

Return on Assets

A financial ratio that indicates the profitability of a company in relation to its total assets.

Return on Assets

Return on assets (ROA) is a financial ratio that indicates how profitable a company is relative to its total assets, calculated by dividing net income by total assets.