QUESTION IMAGE
Question
- what does a miniature golf business provide to its customers? a. a promotion b. a service c. an exchange 8. monopoly a. a type of market in which one supplier offers a unique product b. the use of resources to obtain the greatest profit c. all of the consumers who will purchase a particular product or service
Brief Explanations
For question 7: A miniature golf business offers an experience and access to its course/equipment, which is an intangible service. A promotion is a marketing tactic, not the core offering; an exchange is the transaction itself, not what's provided.
For question 8: Monopoly is defined as a market structure with a single supplier of a unique product with no close substitutes. Option B refers to profit maximization, and option C refers to a market.
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- B. a service
- A. a type of market in which one supplier offers a unique product