All of the Following Are True for Services as Compared

question 3

Multiple Choice

All of the following are true for services as compared to goods except:

• A) Little or no inventories are required to offer services.
• B) Supervisions for services is more specialized.
• C) Emphasis on quality is greater.
• D) Service costs are more standardized; therefore, pricing is easier.
• E) Value is more difficult for consumers to determine.

---

Definitions:

Losses

Reductions in asset value, profit, or revenue, often indicative of a company's underperformance or adverse events.

Sole Proprietorship

A form of business in which an individual pursues business for a profit.

Small Business Ownership

The operation and responsibilities of running a small-scale business, usually characterized by limited revenue and personnel numbers.

Financing

is the process of sourcing capital or funds to finance the operations, projects, or investments of an individual, organization, or government.