Because of the Intangible Nature of Services,consumers Often Perceive Price

question 178

Multiple Choice

Because of the intangible nature of services,consumers often perceive price as a possible indicator of __________ of the service.

• A) the profit or ROI
• B) the customer value
• C) the quality
• D) the target market
• E) the cost

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Definitions:

Balance Sheet

A balance sheet is a financial statement that showcases an organization's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.

U.S. Dollars

The official currency of the United States, widely used as a benchmark and standard for international financial transactions.

Translation Adjustment

An accounting entry that arises when converting financial statements of foreign subsidiaries into the parent company's reporting currency, affecting comprehensive income.