Usage Rate Refers to

question 22

Multiple Choice

Usage rate refers to

• A)the percentage of total possible users divided by the total number of consumers who actually use a product or service.
• B)the average number of times a customer uses a product or service.
• C)quantity consumed or patronage (store visits)during a specific period.
• D)the maximum number of times a customer uses a product or service.
• E)the profits a firm earns from customers who consume a particular product or service.

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Definitions:

Organizational Hierarchy

The arrangement of an organization's roles and responsibilities in a graded structure of authority and leadership.

Transactions

The act of conducting business, which could involve buying, selling, or exchanging goods and services.

Stakeholders

Individuals or groups that have an interest or concern in an organization and can affect or be affected by the business's actions, objectives, and policies.