Services Can Be Classified by

question 193

Multiple Choice

Services can be classified by

• A) their method of delivery.
• B) their use of idle capacity time.
• C) the nature of their ownership.
• D) their location on perceptual maps.
• E) organizational reach.

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Definitions:

Exclusive Territorial Distributorship

A distribution strategy where a manufacturer grants exclusive rights to distribute its products in a specific territory to a single distributor.

Cease and Desist Order

A legal order issued by a court or government authority demanding that an individual or organization stop a specified activity immediately.

Federal Trade Commission

A US government agency responsible for protecting consumers and ensuring fair competition by preventing anticompetitive, deceptive, and unfair business practices.

Exclusive Dealing

A business agreement in which a distributor or retailer agrees to sell only the products of one company, excluding competitive products.