Answer:
B. False
Explanation:
The target of service provision are the customers. So service providers must ensure that their targets are obtaining maximum satisfaction from the quality of service they provide and one way of doing this is by asking feedback from customers
A product line is a group of products that are closely related because they function in a similar manner, are sold to the same customer groups, are marketed through the same type of outlets, or fall within given price ranges.
<h3>What is a group of products that are closely related?</h3>
- A collection of related products is referred to as a product line.
<h3>What is a group of products called?</h3>
- A group of related products made by the same company and sold under the same brand is referred to as a product family.
- A business may develop a product family to capitalize on the devoted following of its original brand.
<h3>What is product group?</h3>
- A set of departments, classes, subclasses, or things that are gathered together for a specific objective is known as a product group.
- SIM employs product groups for the following purposes to plan and carry out various stock count procedures (Problem Line, Unit, and Unit and Amount product groups).
<h3>What is product and types of product?</h3>
- Consumer products and industrial products are the two primary categories into which items are divided.
- Consumer goods are those that the final consumer buys for personal use.
- The customer buys these consumer goods to fulfill his own wants and requirements.
Learn more about product line here:
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Answer: elastic; inelastic
Explanation:
A good is considered (elastic) when producers can quickly supply more or less of it based on changing prices while a good is considered (inelastic) when producers can quickly change how much of it is supplied when prices change.
In an elastic good, a change in price brings about a significant shift in the demand of such good while on the other hand, in an inelastic good, a change in price brings about an insignificant shift in the demand of such good.
Answer: b. mind games and your money
Explanation:
This falls under Mental accounting where our minds play games with our money by dividing them into various accounts and uses based on our emotions.
Sunk costs play a big part in this because we get so attached to the accounts we have put a lot of effort in while neglecting those we have not or do not want to think about. Maria here is proud of her savings account so much so that she does not see the detrimental effect of not paying off the credit card debt which is rising rapidly.
Her savings account is now a sunk cost and she doesn't realize. This principle can help advise her so she understands the games her mind is playing on her and fix it before the damage gets worse.
