Which of the Following Explains the Reason for the Concentration

question 78

Multiple Choice

Which of the following explains the reason for the concentration on creation of time and place utility by service marketers?

• A) Most services are often produced and marketed simultaneously.
• B) The service encounter is distanced from the end benefit achieved.
• C) Services cannot appeal to a buyer's sense of touch, taste, smell, sight, or hearing.
• D) The buyer is guaranteed the ownership of the service that can be used later or given to others.

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Definitions:

CPI

Refers to the Consumer Price Index, a metric that calculates the weighted average price of a selection of consumer items and services including food, medical care, and transportation.

Rate of Inflation

The inflation of general prices for goods and services in an economy over a particular period of time.

CPI

A measurement known as the Consumer Price Index tracks the change in average costs for a variety of consumer goods and services, including but not limited to transportation, medical care, and food, through a weighted average formula.

Basket of Goods

A selected set of products and services used to measure changes in prices and inflation over time.