The Unit of Account Function of Money

question 91

Multiple Choice

The unit of account function of money

• A)all of the following are correct
• B)means that money makes price information more accessible
• C)requires that money be made of something valuable
• D)means that money can be used to save up purchasing power
• E)means that money is more easily counted than goods

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Definitions:

Marketing Tactics

Specific strategies used by companies to attract customers, promote products, and achieve marketing objectives.

Zone of Tolerance

is a concept in service marketing that refers to the range within which customers are willing to accept variations in service delivery and quality.

Customer Expectations

The set of assumptions or standards held by customers regarding the quality, service, performance, and value of a product or service that they plan to purchase.

Customer Satisfaction

The measure of how products or services supplied by a company meet or exceed customer expectation.