Question

Usage rate is Multiple Choice the percentage of total possible users divided by the total number of consumers who actually use a product or service. the number of times a customer uses or recommends a product or service annually. quantity consumed or patronage (store visits) during a specific period. the maximum number of times a customer has used a product or service historically. the profits a firm earns from customers who consume a particular product or service.

Answer 1

Usage Rate

The usage rate is:

quantity consumed or patronage (store visits) during a specific period.

Step-by-step explanation:

The usage rate is all about the quantity of an item consumed by a customer within a period of time. It is an index for gauging a consumer's patronage of a product or service. This rate is usually expressed as a percentage and guides marketing and sales managers in their integrated marketing communications with the customer.