BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tangible
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Non-tangible
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Detailed explanation-1: -Services are intangible because they can often not be seen, tasted, felt, heard, or smelled before they are purchased.
Detailed explanation-2: -Examples of intangible services include health care, physical security, and legal services from lawyers.
Detailed explanation-3: -What are Products and Services? A product is a tangible item that is put on the market for acquisition, attention, or consumption, while a service is an intangible item, which arises from the output of one or more individuals.
Detailed explanation-4: -The difference between services and goods are that services are intangible whereas goods are tangible.
Detailed explanation-5: -Intangibility means that a service cannot be seen, touched, tasted, or smelled. Inseparability refers to the fact that the production of a service cannot be separated from its consumption by customers.