_______ in Customer Service Refers to Making the Product or Service

question 16

Multiple Choice

_______ in customer service refers to making the product or service available when and where the customer wants it.

• A)Comfort
• B)Delivery
• C)Convenience
• D)Time

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Definitions:

Constant Marginal Cost

A situation where the cost of producing one additional unit of a good remains the same regardless of the level of production.

Cournot Duopolists

Firms in a duopoly market structure who compete on the basis of quantity produced, as modeled by Antoine Cournot.

Demand Curve

A graph depicting the relationship between the quantity of a good that consumers are willing to buy and the price of the good.

Total Costs

The total of all expenses involved in creating goods or services, encompassing both fixed and variable costs.