Podcast
Questions and Answers
Which of the following best describes a product?
Which of the following best describes a product?
Which one of the following is true about a service?
Which one of the following is true about a service?
What is one difference between a product and a service?
What is one difference between a product and a service?
Which of the following is true about the producer and seller of a service?
Which of the following is true about the producer and seller of a service?
Signup and view all the answers
What is one advantage of a product over a service?
What is one advantage of a product over a service?
Signup and view all the answers
Anything that we offer to a market to satisfy the need or want is a ______
Anything that we offer to a market to satisfy the need or want is a ______
Signup and view all the answers
Tangible item objects it includes services, Events, persons, places organization or even ideas is a ______
Tangible item objects it includes services, Events, persons, places organization or even ideas is a ______
Signup and view all the answers
Special form of product consists of activities, benefits offered for sale. It is an ______
Special form of product consists of activities, benefits offered for sale. It is an ______
Signup and view all the answers
Intangible item which arises from the output of one or more individuals. It includes banking, airline travel, communication services is a ______
Intangible item which arises from the output of one or more individuals. It includes banking, airline travel, communication services is a ______
Signup and view all the answers
It is tangible. It is intangible. Quality standards can be attained. It is very difficult to attain quality standards. It may be an asset sometimes,. e.g., fridge television set etc. It involves expenditure without any tangible return benefit. Physical possession is possible. Physical possession is not possible. It can be stored. It cannot be stored. It can be transported. It cannot be transported. The producer and the seller may be different persons. The producer of service is the seller too, e.g., medical and legal services. Assembling is very important. ______
It is tangible. It is intangible. Quality standards can be attained. It is very difficult to attain quality standards. It may be an asset sometimes,. e.g., fridge television set etc. It involves expenditure without any tangible return benefit. Physical possession is possible. Physical possession is not possible. It can be stored. It cannot be stored. It can be transported. It cannot be transported. The producer and the seller may be different persons. The producer of service is the seller too, e.g., medical and legal services. Assembling is very important. ______
Signup and view all the answers
