The Main Characteristic of a ____ Is That Customers Are

question 80

Multiple Choice

The main characteristic of a ____ is that customers are satisfied to the point that they use a service repeatedly over a period of time.

• A) service relationship
• B) professional marketer
• C) high-contact service
• D) heterogeneous service
• E) client-based relationship

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Definitions:

Marginal Analysis

An examination of the benefits and costs of one more unit of a product or activity to help make efficient allocation decisions.

Full Employment

This term refers to the condition where all available labor resources are being used in the most economically efficient way, with no involuntary unemployment.

Production Possibilities Curve

A graph that shows the different quantities of two goods that an economy can produce with fixed resources and technology.

Human Economic Wants

Desires that require resources to satisfy, emphasizing the economic aspect of needs and desires.