Most Services Are Tangible; This Factor Determines How the Ten

question 90

True/False

Most services are tangible; this factor determines how the ten decisions of operations management are handled differently for goods than for services.

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Definitions:

Contracts

Agreements that create legally enforceable obligations between parties, typically involving the exchange of goods, services, money, or promises.

Offeree

The person to whom an offer is made, especially in the context of contracts.

Offer Made

In contract law, a proposal by one party to another intended to create a legally binding agreement upon acceptance.

Contract Law

A body of law that governs the creation and enforcement of agreements between parties.