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Questions and Answers
Which one of these is a definition of a product?
Which one of these is a definition of a product?
- Services can't be separated from providers.
- Anything offered to a market for attention, acquisition, use, or consumption that might satisfy a need or want. (correct)
- Any activity or benefit that one party can offer to another that is essentially intangible and does not result in the ownership of anything.
- Services can't be inventoried for later sale.
Which one of these is a characteristic of services?
Which one of these is a characteristic of services?
- Intangibility (correct)
- Perishability
- Inseparability
- Variability
Which one of these is an example of a market offering?
Which one of these is an example of a market offering?
- Toothpaste
- Financial services
- Doctor's exam
- All of the above (correct)
Which one of these is a goal of understanding products and their classifications?
Which one of these is a goal of understanding products and their classifications?
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Which one of these is a characteristic of services that results in variability?
Which one of these is a characteristic of services that results in variability?
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