BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A ____ is a physical object that can be purchased, such as food, clothing, and furniture. A ____ is work that one person performs for another for payment.
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Service; Good
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Good; Service
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Consumer; Producer
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Producer; Consumer
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Cost; Benefit
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Explanation:
Detailed explanation-1: -Goods are products or things that can be bought or sold. Services are the work that people do for others in exchange for money. For example, a piece of clothing is a good, and the work involved in making it is a service.
Detailed explanation-2: -Capital Any human-made resource that is used to create other goods and services.
Detailed explanation-3: -Items: These are physical objects that can be touched and bought and sold.
There is 1 question to complete.