What Most Consumers Want Is Not a Product,but

question 38

Multiple Choice

What most consumers want is not a product,but

• A) a high-quality service.
• B) a unique idea.
• C) a way to get a job done,solve a problem,or gain some enjoyment.
• D) symbols of prestige.
• E) low prices.

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Definitions:

Employment Standards

Regulations that define the minimum terms of employment, including hours, pay, leave entitlements, and working conditions.

Minimum Wage Rates

The lowest legal hourly pay that employers can give to workers, as set by government regulations.

Overtime Payments

Compensation paid to employees for working beyond their standard hours, typically at a higher rate.

Compensable Factors

Elements of a job that are used to determine its value and appropriate compensation, such as skills required, effort, responsibility, and working conditions.