Service Refers to the Process That Buyers Provide to Satisfy

question 2

True/False

Service refers to the process that buyers provide to satisfy customers.

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period of time.

Substitutes

Goods or services that can be used in place of one another, where an increase in the price of one leads to an increase in demand for the other.

Pepsi

A global beverage and food company known for its eponymous brand of cola and a wide range of other products.

Coke

A carbonaceous solid derived from coal through the process of carbonization, used primarily as a fuel and in the production of steel.