Which of the Following Is a Reason Why Business Demand

question 55

Multiple Choice

Which of the following is a reason why business demand for services is growing?

• A)Companies are outsourcing more tasks to focus on their core business.
• B)Service firms face more and more global competition.
• C)Service science is becoming a legitimate field of study in its own right.
• D)Consumers are routinely using a vast array of services.
• E)Some service purchases involve careful thought and memorable experiences.

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Definitions:

Prospectus

An official document that companies issue to potential investors, detailing the financial security they are offering.

Securities And Exchange Commission

The U.S. government agency responsible for regulating the securities markets and protecting investors.

Accredited Investor

A private investor who is allowed to accept private securities offerings under certain specific guidelines the SEC sets.

Private Securities Offerings

The sale of securities to a relatively small number of select investors as a way of raising capital, without the need to register with the Securities and Exchange Commission.