Which of the Following Would You NOT Classify as a Selling

question 67

Multiple Choice

Which of the following would you NOT classify as a selling a service?

• A) an insurance agent
• B) a financial services officer at a bank
• C) a farmer selling apples at a farmers' market
• D) a local mechanic repairing transmissions
• E) all of these choices are correct

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Definitions:

Supply Curve

The supply curve is a graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply.

Nonprice Determinants

Factors that affect demand or supply but are not related to the price of the good or service, such as consumer preferences or production technology.

Technology

The use of scientific understanding to achieve practical goals, particularly within industrial sectors.

Supply Schedule

A chart that illustrates the correlation between a product's price and the amount available for sale.