Which of the Following Questions Is Addressed by Product-Service Mix

question 48

Multiple Choice

Which of the following questions is addressed by product-service mix decisions?

• A) How the services need to be provided?
• B) How many different products need to be offered?
• C) What quantity of a product needs to be produced?
• D) Where the products need to be distributed?
• E) How products need to be produced?

---

Definitions:

Supply Decrease

A supply decrease refers to a situation where the quantity of a good or service that producers are willing and able to sell at a given price level falls, often due to factors like increased production costs or regulatory changes.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where market supply and demand balance each other.

Supply Decrease

A situation in economics where the amount of a certain good or service that producers are willing to provide at a specific price level reduces.

Demand Decrease

A reduction in the quantity of a good or service that consumers are willing and able to purchase at various prices.