When a Customer Cannot Make a Reasonable Evaluation of the Quality

question 44

Multiple Choice

When a customer cannot make a reasonable evaluation of the quality of a service even after use,it is said that the service possesses ______________ attributes.

• A)Experience
• B)Credence
• C)Search
• D)Focused
• E)None of these

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Definitions:

Downward-Sloping

A term typically used in economics to describe a curve or line on a graph that represents a decrease in one variable as another variable increases, often used to describe demand curves.

Excise Tax

A specific tax levied on the sale of a particular good or service, typically to discourage its consumption or to raise revenue.

Cable TV

A system of delivering television programming to consumers via radio frequency (RF) signals transmitted through coaxial cables or digital light pulses through fiber-optic cables.

Perfectly Inelastic

A demand situation in which the quantity demanded does not change in response to a change in price.