When looking to purchase a mobile phone, describe the components that make up the total product.
What will be an ideal response?
A product is made up of the core customer value, actual product, and associated services/augmented product. The core customer value is that the phone provides on-the-go communication either via telephone, e-mail, or Internet. The actual product is the phone, and the augmented product is the customer service along with any warranties that are offered by the company.
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The allocation of net loss must be the same as the allocation of net profits
Indicate whether the statement is true or false
Management accounting complements each stage in the management process
Indicate whether the statement is true or false
According to the law of demand, which of the following is true?
A) If prices decrease, customers will buy more. B) Customers are not aware of small price changes. C) The effect on demand from changes in price cannot be accurately predicted. D) Demand equals supply. E) If prices increase, customers will buy more.
The Internet isa network of networks, consisting of hundreds of thousands of smaller networks operating under a common set of protocols so that they can communicate with each other.
Answer the following statement true (T) or false (F)