What Term Is Used to Describe the Environment in a Retail

question 106

Multiple Choice

What term is used to describe the environment in a retail setting?

• A) Service atmosphere
• B) Serviceland
• C) Serviceplex
• D) Servicescape

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Definitions:

Trade Surplus

A situation where the value of a country’s exports exceeds the value of its imports.

Balance of Trade

The difference in value between a country's imports and exports over a given period, indicating the net earnings on foreign trade.

Foreign Trade Sector

The segment of an economy's market dealing with the exchange of goods and services across international borders.

Trade Deficit

A condition where a nation's incoming goods and services are greater than what it sends out.