Products for Which Consumers Cannot Easily Evaluate Quality Even After

question 23

Multiple Choice

Products for which consumers cannot easily evaluate quality even after purchasing and using the product are called:

• A)Experience goods
• B)Search goods
• C)Retail goods
• D)Consumer goods
• E)Credence Goods

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Definitions:

Balanced Scorecard

Tallies organisational performance in financial, customer service, internal process, and innovation and learning areas.

Capital Budgeting

The process of planning and managing an organization's long-term investments in assets or projects, accounting for potential risks and future benefits to achieve financial objectives.

Base Pay

The initial salary paid to an employee, not including bonuses, benefits, or other compensation.

Fringe Benefits

Additional compensation provided to employees beyond their normal wages or salaries, which might include health insurance, pensions, or paid time off.