Which of the Following Statements About Services Is Most Accurate

question 191

Multiple Choice

Which of the following statements about services is most accurate?

• A)Services are classified as durable and nondurable.
• B)The marketing of services is,in a practical sense,identical to the marketing of products or ideas since they both satisfy customer needs.
• C)Only 10 percent of all jobs created in the United States are in the services sector.
• D)In the United States,services have become a significant part of the economy and often augment products.
• E)Services are among the easiest products to market because of their tangible nature.

---

Definitions:

Tradable Permits

A system where rights to emit pollution or other substances are given a market value and can be bought and sold.

Environmental Protection Agency

A U.S. federal agency responsible for creating and enforcing regulations to protect the environment and public health from pollution and hazardous substances.

Clean Air

The condition of the atmosphere when it is free from pollutants, contaminants, and other harmful substances.

Network Externality

The effect that an additional user of a good or service has on the value of that product to others, often increasing the utility as more people use it.