Which of the Following Statements Regarding the Place Element of Services

question 38

Multiple Choice

Which of the following statements regarding the place element of services is most accurate?

• A)Place has little impact on the marketing of services because there are so many intermediaries from which a consumer may choose.
• B)The distribution site and the service provider are the intangible components of the service.
• C)Place is especially important factor because of the inconsistency between the service and the service provider.
• D)Until recently,customers generally had to go to the service provider's physical location to purchase the service.
• E)Technology is an effective way to bring services to the customer,but only if the consumer is a new user;otherwise,the disadvantages outweigh the benefits.

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Definitions:

Owner's Drawings

The funds taken from the business by the owner for personal use, not considered as salary or wages.

Owner Drawings

Refers to the money or assets taken out of a business by the owner(s) for personal use.

Net Income

The profit or loss of a business after all expenses, taxes, and costs have been subtracted from total revenue.

Expenses

Costs incurred by a business in the process of earning revenues.