It Is Helpful to Think of Goods and Services as

question 77

Multiple Choice

It is helpful to think of goods and services as

• A) existing along a continuum.
• B) similar.
• C) different.
• D) comprised of both logistics and tangible items.

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Definitions:

Gamblers

Individuals who risk something of value, often money, on the outcome of an event which is determined largely by chance.

Entrepreneur

An individual who creates, organizes, and manages a business venture, taking on financial risk in the hope of profit.

Franchise

A business model that allows individuals or entities to operate a store or outlet using the branding and operational model of an established company.

Business Owner

An individual who owns and oversees the operation of a small business or enterprise.