Word-Of-Mouth Communication Is Not Especially Important When People Are Choosing

question 57

True/False

Word-of-mouth communication is not especially important when people are choosing restaurants and automotive, medical, and personal services such as hair care.

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Definitions:

Operating Systems

A software that manages computer hardware and software resources, and provides common services for computer programs.

Efficiency Gains

Improvements in the production process that allow for a greater output of goods or services without an increase in input.

Deregulation

The process of removing government restrictions and regulations in industry to allow for more competition and efficiency in the market.

Communications Industry

A sector that encompasses companies and technologies involved in the transmission of information, including media, internet, telecommunications, and broadcasting.