A Useful Way to Distinguish Between Goods and Services Is

question 41

Multiple Choice

A useful way to distinguish between goods and services is to place them on a continuum from ____________ to ____________.

• A)practical; impractical
• B)tangible-dominant; intangible-dominant
• C)low; high
• D)reliable; unreliable
• E)prepared; unprepared

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Definitions:

Allocation of Resources

The process of distributing available resources among various projects, departments, or sectors within an organization or system.

Substantial Amount

A quantity or volume considered to be of considerable size or importance.

Enabling Technologies

Advanced technologies that facilitate the development of new products or enhance the capabilities of existing products or systems.

Explicit Knowledge

Knowledge that is easily articulated, codified, accessed, and verbally communicated to others.