Along the Service-Product Continuum,which of the Following Would Be Considered

question 116

Multiple Choice

Along the service-product continuum,which of the following would be considered the most product dominant?

• A) grocery store
• B) auto repair shop
• C) doctor's office
• D) cell phone service provider
• E) restaurant

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Definitions:

Funding Requirements

The total amount of capital needed to support a business's operations, projects, or to fulfill other financial commitments.

Actuarial Assumptions

The hypotheses about demographic, financial, and other variables that actuaries use to calculate the liabilities and expenses of insurance and pension plans.

GAAP Standards

Generally Accepted Accounting Principles; a set of rules and standards used for financial reporting and accounting in the United States.

Pension Asset

Refers to the resources set aside by a company in a pension fund to meet future pension liabilities to its employees.