Which of the Following Statements About Services Is Most Accurate

question 88

Multiple Choice

Which of the following statements about services is most accurate?

• A)Whether tangible or intangible,the marketing of services is exactly the same as the marketing of products or ideas since they both satisfy customer needs.
• B)Although a major contributor to GDP nationally,services play only a minor role in GDP on a global scale.
• C)Exports of services is one of the few areas in which the United States has a trade surplus.
• D)Very few jobs in the United States are in the services sector.
• E)There is much more in common with the marketing of services and business products than there is between the marketing of services and consumer products.

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Definitions:

Loss-Minimizing

A strategy aimed at reducing the negative impact or minimizing the losses in a business operation or an investment.

Quantity

The amount or number of a material or immaterial good or service.

Units

Basic quantities considered as a standard of measurement for physical quantities.

Profit-Maximizing

The method used by a company to identify the pricing and production quantities that maximize its profits.