SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Service is both
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tangible
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intangible
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physical product
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both 1 and 2
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Explanation:
Detailed explanation-1: -Answer: d. the time during which a customer receives a service.
Detailed explanation-2: -The American Marketing Association defines services as-“Activities, benefits and satisfactions which are offered for sale or are provided in connection with the sale of goods.” The defining characteristics of a service are: Intangibility: Services are intangible and do not have a physical existence.
Detailed explanation-3: -Services are intangible in nature and often purchased with physical goods. They are delivered in the form of acts or deeds. So we can say correct answer is option D i.e. all of these are true.
There is 1 question to complete.