The Cost of Installations for Business Services Is Generally High

question 112

Multiple Choice

The cost of installations for business services is generally high because they tend to be part of a company's capital investment strategy. ​
Required:
Which of the following statements is true of installations?

• A)Installations require a very long distribution channel.
• B)​Installations are the least significant business products.
• C)The quality of the product is less of an issue for company executives.
• D)​Companies promote the sale of installations via extensive advertising campaigns.
• E)​Company executives spend a lot of time planning before they purchase installations.

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Definitions:

Generational Group

A categorization of people based on their age group, often sharing similar characteristics, experiences, or societal influences.

Baby Boomers

denote the generational cohort born approximately between 1946 and 1964, characterized by their experiences in a post-World War II environment, distinct cultural traits, and significant influence on economies and societies.

Generation X

The demographic cohort following the Baby Boomers and preceding the Millennials, generally born between the mid-1960s and early 1980s.

Long-term Orientation

A cultural characteristic that emphasizes the value of future rewards over immediate gratification.