An Example of a Final Service Is

question 132

Multiple Choice

An example of a final service is:

• A) a tire to replace your flat.
• B) a used car.
• C) getting the oil changed in your car.
• D) Tires purchased by Ford to put on their new Explorers.

---

Definitions:

Formula Calculation

The process of determining a value through a mathematical expression that involves operations on numbers or other expressions.

Product Sold

A measure indicating the quantity of an item offered that has been purchased by consumers.

Quantity

A property that can exist as a multitude or magnitude, which can be measured or quantified.

Newsvendor Model

A mathematical model used to determine optimal inventory levels for products with uncertain demand and a limited selling period.