Which of the Following Statements About Services Is Most Accurate

question 273

Multiple Choice

Which of the following statements about services is most accurate?

• A) Services are classified as durable and nondurable.
• B) The marketing of services is, in a practical sense, identical to the marketing of products or ideas since they both satisfy customer needs.
• C) Only 10 percent of all jobs created in the United States are in the services sector.
• D) In the United States, services are an even more important part of our gross domestic product than goods.
• E) Services are among the easiest products to market because of their tangible nature.

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Definitions:

Unemployment Rate

The portion of individuals in the labor force who are unemployed and actively hunting for jobs.

Unemployed Persons

Individuals actively seeking employment but unable to find work.

Inflation

A general increase in prices and fall in the purchasing value of money over a period of time.

Salesperson

An individual who sells goods or services to customers, often responsible for negotiating prices, offering product insights, and closing sales.