Consumers Prefer Self Service When

question 7

Multiple Choice

Consumers prefer self service when:

• A)it has nothing to do with technology.
• B)when it works properly to meet their needs.
• C)when there are no other reasonable alternatives.

---

Definitions:

Pretax Income

The income of a company before taxes are deducted, used to assess profitability before tax expenses are applied.

Margin of Safety

The difference between actual sales and break-even sales, measuring the risk of not reaching the break-even point.

Budgeted Income Statement

A financial statement forecasting the revenues, expenses, and net income for a specific period, based on proposed budgets and assumptions.

Contribution Margin Ratio

A financial metric that measures the proportion of sales revenue that exceeds variable costs, indicating how much contributes to covering fixed costs and generating profit.