Which of the Following Statements About Products, Goods, and Services

question 7

Multiple Choice

Which of the following statements about products, goods, and services is true?

• A) Products and goods are synonymous terms
• B) Services and products are tangibles
• C) Goods and products are tangibles
• D) Salespeople do not sell services
• E) Goods and services are tangibles

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Definitions:

Farmworker

An individual engaged in labor within the agricultural sector, typically involving crop cultivation and livestock rearing.

Labor Force

The sum of individuals either holding a job or looking for work within a specific economic sector.

Agriculture

The practice of cultivating land and breeding animals to provide food, fiber, medicinal plants, and other products.

Technological Progress

The overall process of invention, innovation, and diffusion of technology or processes.