BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Services are ____
A
Tangible
B
Non-tangible
Explanation: 

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.

There is 1 question to complete.