Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
Which of the following best describes a good?
Which of the following best describes a good?
- A service that can only be rendered online.
- A task performed by a professional.
- An intangible benefit received after a purchase.
- An item that can be physically handled. (correct)
What distinguishes a service from a good?
What distinguishes a service from a good?
- A service is a tangible item.
- A service can be bought or sold.
- A service is an action performed for payment. (correct)
- A service is always free of charge.
Which of the following is categorized as a service?
Which of the following is categorized as a service?
- A book loaned from a library.
- A haircut provided by a barber. (correct)
- A loaf of bread purchased at a store.
- A smartphone bought from a retailer.
Which statement about goods is incorrect?
Which statement about goods is incorrect?
Signup and view all the answers
Why are services categorized differently from goods?
Why are services categorized differently from goods?
Signup and view all the answers
Flashcards are hidden until you start studying
