Usage rate refers to
A)the percentage of total possible users divided by the total number of consumers who actually use a product or service.
B)the average number of times a customer uses a product or service.
C)quantity consumed or patronage (store visits)during a specific period.
D)the maximum number of times a customer uses a product or service.
E)the profits a firm earns from customers who consume a particular product or service.

Question

Quizplus · Accepted Answer

Usage rate refers to the frequency with which consumers use a product or service, typically measured by the quantity consumed or the number of store visits during a specific period. It is not related to the percentage of possible users, average number of uses, maximum number of uses, or profits earned from customers.

Usage Rate Refers to