One of the Primary Difference Between Tangible Goods and Services

question 113

Multiple Choice

One of the primary difference between tangible goods and services involves the consumer's ability to make pre-purchase evaluations. For example, consumers can quite easily make comparisons and evaluations of clothing, automobiles, and Appliances before making a purchase. On the other hand, consumers can evaluate Services such as restaurants, beauty salons, and laundromats only during or after the purchase. Indeed, tangible products have __________properties, while services have
__________Properties.

• A)search; experience
• B)experience; search
• C)consistent; inconsistent
• D)inconsistent; consistent

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Definitions:

Fixed Exchange Rate

A country's currency value set and maintained as equal to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold.

Covariance

A measure of the degree to which two variables move in relation to each other.

Japanese Stock Market

The financial market in Japan where publically traded company stocks are bought and sold, notably includes the Tokyo Stock Exchange.

Fixed Exchange Rate

A country's currency value that is tied to another single currency or to another measure of value, like gold, and does not fluctuate in the market.