In the Value Chain, Customer Service Is Concerned with Inducing

question 45

True/False

In the value chain, customer service is concerned with inducing buyers to purchase the product and providing a means for them to do so.

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Definitions:

Disposable Income

The amount of money available to households for making purchases and savings after the removal of income taxes.

Saving

The act of setting aside a portion of current income for future use, or the portion of income not spent on current expenditures.

MPC (Marginal Propensity to Consume)

The proportion of additional income that is spent on consumption.

Saving

The act of setting aside money for future use instead of spending it immediately.