The Majority of American Workers Are Employed in the Service

question 135

True/False

The majority of American workers are employed in the service sector of the economy.

Assess the methods companies use to customize products and services in the digital environment.

Describe how digital marketspace contributes to global commerce.

Understand the key elements of interactive marketing and its importance in customer communication.

Evaluate the role of digital technologies in facilitating time and place utility for customers.

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Definitions:

Customizing Services

Modifying or tailoring services to meet the specific needs or preferences of individual customers.

Variable Nature of Services

Describes the characteristics of services that make them less consistent and more difficult to standardize compared to physical products.

Intangible

Refers to something that cannot be physically touched or measured but holds value, such as intellectual property, brand reputation, or goodwill.

Pure Product

A good that is not altered or combined with any other goods, offered in its simplest form in the market.