Examlex

Solved

A Service Cannot Be Touched,seen,tasted,heard,or Felt in the Same Manner

question 23

Multiple Choice

A service cannot be touched,seen,tasted,heard,or felt in the same manner in which goods can be sensed and,therefore,is referred to as:


Definitions:

Contribution Margin Ratio

A financial metric that shows the percentage of sales revenue that remains after variable costs are subtracted.

Fixed Monthly Expenses

Recurring costs that do not vary in total within a given period, such as rent, salaries, and insurance premiums, irrespective of the level of business activity.

Net Operating Income

The profit a company generates from its regular, core business operations, excluding any income from investments or secondary sources.

Selling Price

The price at which a service or product is sold to a buyer.

Related Questions