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The Service Bundle Is Defined as All the Value-Added Physical

question 47

True/False

The service bundle is defined as all the value-added physical and intangible items that an organization provides to the customer.

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Definitions:

Legally Sufficient Value

A value, consideration, or benefit that is recognized by law as adequate to support a binding contract.

Preexisting Duty

An obligation or duty that already exists under a contract, and performing it, therefore, does not constitute consideration for a new promise.

Law

Rules devised and applied by institutions of society or the government to modulate behavior.

Legally Sufficient Value

An acceptable form or measure of value that must be provided in a contract to make it binding and enforceable under law.

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