Which of the Following Is True for Services

question 85

Multiple Choice

Which of the following is true for services?

• A) All services are people-based, while goods are equipment-based.
• B) Service providers can be both for-profit or nonprofit.
• C) All service companies follow the same process to deliver their services.
• D) The client's presence is a hindrance during the service delivery process.
• E) Service providers develop similar marketing programs for personal services and business services.

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Definitions:

Entitles

Grants or gives a right or a claim to something, often used in legal and financial contexts.

Investment Account

A financial account held by an investment dealer that a client uses to keep and trade investment securities.

Equity Method

An accounting technique used to record investments in associate companies where the investor has significant influence but not full control.

Investor's Share

The portion of profits or losses attributed to an investor, based on their ownership percentage in an investment.