All of the Following Are Unique Characteristics That Distinguish Services

question 94

Multiple Choice

All of the following are unique characteristics that distinguish services from goods EXCEPT:

• A) intangible
• B) inseparable
• C) searchable
• D) heterogeneous
• E) perishable

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Definitions:

Zinnias

Brightly colored flowers, belonging to the sunflower tribe within the daisy family, known for their long-lasting blooms and variety in size and color.

Utility Function

An economic model that maps an individual's preference rankings for various bundles of goods onto a set of numerical values.

Price

The financial value anticipated, necessitated, or offered in return for a service or good.

Income

Money received on a regular basis from work, property, business, investment, or welfare.