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Services Have Six Basic Characteristics: Intangibility, Inseparability of Production and Consumption

question 22

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Services have six basic characteristics: intangibility, inseparability of production and consumption, perishability, client-based relationships, customer contact and:


Definitions:

Working Capital Management

The process of managing short-term assets and liabilities to ensure a company operates efficiently.

Dealer

A person or firm in the business of buying and selling securities for their own account, rather than for customers.

Commodity

Basic goods used in commerce that are interchangeable with other goods of the same type.

Original Issuer

The entity that first creates and offers securities or financial instruments to the public, such as bonds or stocks.

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