Which of the Following Is a Service

question 181

Multiple Choice

Which of the following is a service?

• A) a visit to your local beach
• B) a visit to your doctor
• C) a trip to the store to buy a T-shirt
• D) a trip to your favorite restaurant for dinner
• E) having to write a check to pay your taxes

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Definitions:

Local Markets

Marketplaces within a specific geographical area where businesses sell goods and services directly to consumers in the community.

Low-Cost Leadership

A strategy that aims at becoming the lowest-cost producer in an industry to gain a competitive advantage.

Differentiation Strategy

A business approach that involves developing and marketing unique products or services to stand out from competitors and attract customers.

High-Profile Marketing

Marketing strategies aimed at attracting maximum public attention and visibility, often through the use of celebrities or large-scale campaigns.