The Personal Gratification That Consumers Associate with a Product or Service

question 35

Multiple Choice

The personal gratification that consumers associate with a product or service fulfills:

• A)esteem needs.
• B)functional needs.
• C)safety needs.
• D)physiological needs.
• E)psychological needs.

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Definitions:

Equipment Rent

The cost incurred by a company for using equipment owned by another entity for a specified period.

Service Contract

An agreement between a customer and a service provider detailing the terms of service delivery, including scope, quality, and responsibilities.

Adjusting Journal Entry

A financial transaction recorded at the closure of an accounting cycle to properly assign earnings and expenses to the corresponding period.

Performed

Carried out or executed a task or function.