1. Which of the following is the best example of a nondurablegood? A. automobile B. e-reader C....
Question:
1. Which of the following is the best example of a nondurablegood?
A. automobile
B. e-reader
C. baseball
D. gasoline
E. shoes
2. Services contribute how much to the U.S. gross domesticproduct as compared with goods?
A. services contribute about the same
B. services contribute about half as much
C. services contribute about twice as much
D. services contribute about one quarter as much
E. services are not a component of GDP
3. Generally, many service businesses use off-peak pricingto reflect variations in
A. costs of delivering service.
B. supply for a service.
C. profitability based on time of day or week.
D. demand for a service.
E. capacity.
4. Which of the following statements is most accurate?
A. For some products, price influences the perception of overallquality, and ultimately value, to consumers.
B. A consumer's view of a product's value is always tied toquality.
C. A consumer's view of value is a function of his or hereducation and income.
D. Price plays only a small part in a consumer's perceived valueof a product or service.
E. Price plays a significant role in assessing value but plays aminor role in assessing quality.
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