Which of the Following Aspects Is the Most Descriptive of a Product

question 60

Multiple Choice

Which of the following aspects is the most descriptive of a product operation as opposed to a service operation?

• A) Customer interaction
• B) Created and delivered on demand
• C) Intangible aspects
• D) Repetitive operations

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Definitions:

Normative Economic Statement

A statement expressing a value judgment about what ought to be, based on personal values or opinions rather than factual evidence.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by gross domestic product (GDP) growth.

Unemployment Rate

The percentage of the labor force that is jobless and actively looking for employment.

Balance Of Trade

The difference between a country's exports and imports of goods and services over a certain period.