Sean Had Moved to Take a New Job,and When He

question 76

Multiple Choice

Sean had moved to take a new job,and when he was feeling really sick,he needed to find a doctor.He discovered during the visit that he didn't like the one he had chosen,and he knew he'd never go back to that doctor.From a marketing perspective,his situation highlights one of the key differences between products and services,known as

• A) intangibility.
• B) professional competence.
• C) perishability.
• D) inseparability.
• E) variability.

---

Definitions:

Gross Profit

The difference between sales and the cost of goods sold, indicating the basic profitability of a company's core business activities.

Ending Inventory

The value of goods available for sale at the end of the accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.

Ethics Violation

An action that goes against moral principles or professional standards, often resulting in disciplinary action.

Retail Inventory Method

An accounting method used by retailers to estimate inventory cost by calculating a cost-to-retail percentage and applying it to the ending retail value of inventory.