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The Service Economy Quiz

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Questions and Answers

Which sector has increased importance in industrialized economies?

Manufacturing sector

Agricultural sector

Mining sector

Service sector (correct)

What is the current trend in the Fortune 500 companies list?

More agricultural companies

More mining companies

More manufacturing companies

More service companies (correct)

In which countries is the service economy in developing countries mostly concentrated?

Financial services, hospitality, retail, health, human services, information technology, and education (correct)

Mining services

Manufacturing services

Agricultural services

What is the term used for the transformation of products into services?

Servitization Signup and view all the answers

What has replaced the old dichotomy between product and service?

Service (economics) service–product continuum Signup and view all the answers

What does the term 'servitization of products' refer to?

Transformation of products into services Signup and view all the answers

In which sectors is the service economy in developing countries mostly concentrated?

Financial services, hospitality, and retail Signup and view all the answers

What is the current trend in the Fortune 500 companies list?

More service companies and fewer manufacturers Signup and view all the answers

What has replaced the old dichotomy between product and service?

Service-product continuum Signup and view all the answers

What is the relative importance of service in a product offering?

Higher service component in products Signup and view all the answers

The Service Economy Quiz

Choose a study mode

Podcast

Questions and Answers

Which sector has increased importance in industrialized economies?

What is the current trend in the Fortune 500 companies list?

In which countries is the service economy in developing countries mostly concentrated?

What is the term used for the transformation of products into services?

What has replaced the old dichotomy between product and service?

What does the term 'servitization of products' refer to?

In which sectors is the service economy in developing countries mostly concentrated?

What is the current trend in the Fortune 500 companies list?

What has replaced the old dichotomy between product and service?

What is the relative importance of service in a product offering?

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