Services Have Four Unique Characteristics That Distinguish Them from Goods

question 54

Essay

Services have four unique characteristics that distinguish them from goods.Name and briefly define each of these four characteristics.Use the example of an airline to help describe each of the four characteristics.

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Definitions:

Burned-Over District

A term for the western and central regions of New York State in the early 19th century, which were repeatedly swept by religious revivals.

Erie Canal

The Erie Canal is a significant historical waterway in New York, opened in 1825, which played a critical role in the commercial expansion of the United States by connecting the Great Lakes to the Atlantic Ocean.

Great Lakes

are a group of five large freshwater lakes in North America, forming the largest group of freshwater lakes in the world by total area.

Upper Midwest

The Upper Midwest refers to the northern central part of the United States, including states like Minnesota, Wisconsin, and Michigan, known for its distinct seasons and agricultural productivity.