We have transitioned from a service economy to a(n) ______.

a. Industrial economy
b. Information economy
c. Experience economy
d. Luxury economy


c. Experience economy

Business

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The pronoun "who" is in the nominative case; the pronoun "whom" is in the objective case

Indicate whether the statement is true or false.

Business

The primary difference between ordinary and extraordinary repairs is that extraordinary repairs

A) are an expense of the current period. B) are periodic in nature. C) are necessary to maintain the asset in good operational condition. D) extend the useful life or increase the residual value of the asset.

Business

Recently, Mercedes-Benz quietly reduced its warranty coverage by eliminating some free scheduled maintenance because the expense for the firm was too high. At the same time, Hyundai and others have expanded their warranties to build consumer confidence in their cars. They realize that extending the period of warranty coverage demonstrates they are making better cars in a very tangible way. These are examples of firms considering the ________ of product warranty.

A. product differentiation B. persuasiveness C. storage and handling D. costs versus benefits E. message

Business

Which of the following is NOT true of order fulfillment process?

a. It varies in complexity. b. It may be simple when orders are filled from inventory of made-to-stock items. c. It may be complicated for items made to order. d. It is heavily regulated by the government.

Business