A Business May Enhance a Product's Value by Offering Services

question 28

Multiple Choice

A business may enhance a product's value by offering services that improve its performance or ease of use for the potential customer.Which of the following is an example of this?

• A)the Australian Football League in Australia including Mandarin speakers in radio broadcasts to attract other ethnic groups
• B)the removal of full-size spare tyres in motor vehicles
• C)the deletion of product features
• D)price increases

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Definitions:

Commence Construction

The act of starting the building or assembly process on a site.

Secondary Liability

Legal responsibility that arises from facilitating or indirectly participating in a wrongful act, not as a direct perpetrator.

Guarantee

A formal promise or assurance that certain conditions will be fulfilled, often relating to the quality or durability of an item or the outcome of a deal.

Indemnity

A contractual obligation of one party to compensate the loss incurred by the other party.