Which of the Following Is a Solution to the Challenge

question 115

Multiple Choice

Which of the following is a solution to the challenge of intangibility?

• A)Using intangible cues
• B)Creating a strong competitive brand
• C)Encouraging positive word-of-mouth
• D)All of the above

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Definitions:

Agency Relationships

A legal relationship in which one party (the agent) acts on behalf of another party (the principal) in dealings with third parties.

Third Party

An entity not directly involved in a transaction or agreement but may be affected by it or have an interest in its outcome.

Business Transactions

Financial activities or agreements carried out between parties, often involving the exchange of goods, services, money, or property.

Principal

In a contractual relationship, the principal is the party who authorizes an agent to act on their behalf.