Intangible Items Such as Airline Trips, Financial Advice, or Telephone

question 169

Multiple Choice

Intangible items such as airline trips, financial advice, or telephone calls that an organization provides to consumers are referred to as

• A) production goods.
• B) support products.
• C) services.
• D) goods.
• E) benefits.

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Definitions:

World Price

The international market price of a good or service, determined by global supply and demand.

Importer or Exporter

Entities that are involved in the trade of goods across international borders, where importers bring goods into a country and exporters send goods out of a country.

World Price

The international market price of a good or service, determined by global supply and demand factors.

Importer or Exporter

An entity or country that buys goods from (importer) or sells goods to (exporter) other countries.