Which of the Following Sectors Would NOT Be Considered to Be

question 4

Multiple Choice

Which of the following sectors would NOT be considered to be part the service industry?

• A) hotel
• B) insurance
• C) banking
• D) real estate
• E) chemicals

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Definitions:

Competition

The rivalry among sellers in the same market to attract customers, increase sales, and achieve a dominant position in the market.

Expected Value

A statistical concept that calculates the average result when the same event is repeated multiple times.

High-Value

Refers to products, services, or assets that possess significant worth or importance, often attracting premium prices.

Low-Value

Refers to products, services, or transactions that possess minimal worth in terms of price, importance, or usefulness to the buyer.