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Services Differ from Tangible Products on Three Important Dimensions: Intangibility

question 187

Multiple Choice

Services differ from tangible products on three important dimensions: intangibility, inseparability, and _____.


Definitions:

Taxed

Subjected to a financial charge or levy by a governmental organization in order to fund various public expenditures.

Partnership

A business arrangement recognized by law involving two or more partners who collectively oversee the business and divide its profits.

Cooperatives

Organizations owned and operated by a group of individuals for their mutual benefit, where profits and decision-making are shared among members.

Incorporated

A business that has been formed into a legal corporation, providing its owners with limited liability.

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