Identify a Difference Between Goods and Services

question 4

Multiple Choice

Identify a difference between goods and services.

• A) Goods can be stored as physical inventory, whereas services cannot be stored as physical inventory.
• B) Goods-producing firms rely solely on soft technology, whereas service-providing firms rely solely on hard technology.
• C) The demand for goods cannot be predicted, whereas the demand for services can be easily predicted.
• D) Customers directly participate in goods-producing activities, whereas customers do not participate in service-providing activities.

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Definitions:

Self-Leadership

The practice of leading oneself including setting personal goals, self-motivation, and self-directed behavior.

Co-Acting Group

A collection of individuals working in the same space or organization who may not interact directly but whose actions affect each other.

Interdependence

The mutual reliance between two or more groups or individuals, where each is dependent on the others for success or achievement of objectives.

Fetal Alcohol Syndrome

A condition in a child resulting from alcohol exposure during the mother's pregnancy, leading to physical and mental impairments.