ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Goods
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Service
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Tax
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Profit
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Detailed explanation-1: -A service charge is a fee collected to pay for services related to the primary product or service being purchased. The charge is usually added at the time of the transaction. Many industries collect service charges, including restaurants, banking, and travel and tourism.
Detailed explanation-2: -A method in which doctors and other health care providers are paid for each service performed. Examples of services include tests and office visits.
Detailed explanation-3: -Example 1: “Our costs have increased, but we want to continue providing great service. To help offset these costs, the items you purchase come with a small service fee.”
Detailed explanation-4: -Service Charge Expenses means expenses incurred or to be incurred by or on behalf of a Secured Property Loan Borrower in the management, maintenance and repair of, or the provision of services specified in any Occupational Lease in respect of, any Property and the payment of insurance premiums for that Property.