Which of the Following Holds True for the Term Services

question 87

Multiple Choice

Which of the following holds true for the term services?

• A)It refers to the tangible customer benefits that are produced by people or machines and can be separated from the producer.
• B)It refers to the intangible customer benefits that are produced by people or machines and cannot be separated from the producer.
• C)It refers to the overall sacrifice a consumer is willing to make in terms of money, time, and energy in order to acquire a specific product or service.
• D)It refers to thoughts, opinions, philosophies, and intellectual concepts that also can be marketed.
• E)It refers to the groups of people who need or want a company's products or services and
• Have the ability and willingness to buy them.

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Definitions:

Means-Ends

A problem-solving technique that involves identifying the desired outcome (end) and finding the most efficient means to reach that outcome.

Subgroups

Smaller groups formed within a larger group, based on shared interests or characteristics.

Adequate Financing

Having sufficient funds or capital to cover the startup, operation, or expansion of a business.

Feedforward Control

A management technique that involves the collection and analysis of performance data before a task is undertaken, with the aim of preventing future problems.