Because of the Intangible Nature of Services,consumers Often Perceive Price

question 113

Multiple Choice

Because of the intangible nature of services,consumers often perceive price as a possible indicator of the ________ of the service.

• A)profit or ROI
• B)customer value
• C)quality
• D)target market
• E)cost

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Definitions:

Hydrazone Derivative

A compound resulting from the reaction of a hydrazine with a carbonyl group, typically in aldehydes or ketones, forming a double N=N bond.

Ketone

An organic compound characterized by a carbonyl group bonded to two carbon atoms.

Organic Product

A compound containing carbon atoms that has been formed as the result of a chemical reaction involving organic molecules.

Upper Quartile

The value above which 25% of the data or population falls, marking the upper boundary of the central 50% in a distribution.