Each of the Following Is an Example of How Services

question 80

Multiple Choice

Each of the following is an example of how services to consumers are adding dimensions of authenticity EXCEPT:

• A)Nike's customization service, NIKEiD.com, allows customers to design shoes according to their exact preferences.
• B)Progressive Insurance sends "Immediate Response Vehicles" to the site of an accident so that an adjuster can handle emergencies.
• C)An increase in automated bank machines (ABMs), kiosks, and credit card readers.
• D)Retailers providing dressing rooms large enough for friends and electronic mirrors that allow texting anyone whose opinion might be neede

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Definitions:

Functional Currency

The monetary system used in the principal financial setting where a business functions, typically shown in its financial reports.

Exchange Rates

The valuation of one currency compared to another for the purpose of exchange.

Goodwill Impairment

The financial charge taken when the carrying value of goodwill on a company’s balance sheet exceeds its fair value, indicating that the value of acquired assets has decreased.

Functional Currency

The currency of the primary economic environment in which an entity operates and carries out its business transactions.