Customers Buy Services,they Also Consider Nonmonetary Costs,such as the __________

question 20

Multiple Choice

customers buy services,they also consider nonmonetary costs,such as the __________ and __________ efforts required to consume the service.

• A) emotional; physical
• B) mental; physical
• C) psychological; intellectual
• D) physical; moral
• E) physical; ethical

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Definitions:

Disposable Income

The residual financial resources for households to use in saving and spending post paying income taxes.

Savings Rate

The Savings Rate is the percentage of income that is not spent on consumption but instead saved for future expenses, investments, or emergencies.

Social Security

A government program that provides financial assistance to people with inadequate or no income, especially the elderly and disabled.

Savings Rate

The portion of disposable income that is not spent on consumption, but is saved or invested.