Services Are Defined as

question 220

Multiple Choice

Services are defined as

• A) the tangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.
• B) the activities provided to complement a tangible good, such as technical support for a computer.
• C) the intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.
• D) any activity required for the production of a good that cannot be completed "in-house" and must be outsourced to another firm.
• E) the human (nonmechanical) component that is part of the manufacturing process.

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Definitions:

Company Culture

The shared values, beliefs, and practices that characterize an organization and influence its employees' behavior and attitudes.

Core Values

Fundamental beliefs or principles that are considered inherently important by an organization, guiding its behavior and decision-making.

Long-Term Benefit

Advantages or gains that accrue over a extended period of time, often seen as a result of strategic planning or investments.

Human Resource Management

The strategic approach to the effective management of an organization's workers so that they help the business gain a competitive advantage, including recruitment, training, and employee development strategies.