Which of the Following Statements About Services Is MOST Accurate

question 212

Multiple Choice

Which of the following statements about services is MOST accurate?

• A) Although a major contributor to the GDP nationally, services play only a minor role in GDP on a global scale.
• B) Whether tangible or not, the marketing of services is exactly the same as the marketing of products or ideas since they both satisfy customer needs.
• C) Almost 35% of all jobs created in the United States are in the services sector.
• D) In the U.S., more than 47% of the GDP comes from services.
• E) There is much more in common with the marketing of services and business products than there is between the marketing of services and consumer products.

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Definitions:

Title Transfer

The legal process of transferring ownership of property, such as real estate or a vehicle, from one party to another.

Respondeat Superior

A legal doctrine holding an employer or principal legally responsible for the wrongful acts of an employee or agent.

Tort

A civil wrong or infringement of a right leading to legal liability, distinct from breach of contract.

Principal Liability

refers to the legal responsibility of a principal (an individual or entity) for the actions of their agents or representatives conducted within the scope of their agency or employment.