Which of the Following Is a Difference Between Goods and Services

question 43

Multiple Choice

Which of the following is a difference between goods and services?

• A)Goods must be consumed when they are produced, while services can be stored in an inventory.
• B)Goods can be "experienced" and don't have a physical form, while services have a physical form and can be seen, touched, and handled.
• C)Goods must be consumed where they are provided, while services can be shipped.
• D)Goods are produced independently of the consumer, while services often require customers to be actively involved in their production.

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Definitions:

Kano Masanobu

The founder of the Kano school of Japanese painting, known for his contributions to the development of ink and wash painting.

Kano Style

A school of Japanese painting founded in the 15th century, known for its bold brush strokes and thematic variety, serving the needs of various Japanese shogunates and emperors.

Muromachi Shogunate

A period in Japanese history (1336–1573) characterized by the governance of the Ashikaga shogunate, known for its cultural development and military conflicts.

Tokugawa Shogunate

The last feudal Japanese military government which existed between 1603 and 1868, led by the Tokugawa family.