The Fact That a Service Cannot Be Touched,seen,or Patented Refers

question 18

Multiple Choice

The fact that a service cannot be touched,seen,or patented refers to its ________.

• A) perishability
• B) tangibility
• C) homogeneity
• D) intangibility
• E) heterogeneity

---

Definitions:

Income Statement

A financial report detailing a firm's income and expenditures within a certain timeframe, resulting in the total earnings or deficit experienced during that interval.

Net Operating Income

The income generated from normal business operations after deducting operating expenses but before interest and taxes.

Contribution Format

A type of income statement that separates variable costs from fixed costs to show the contribution margin.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income or loss over a specific period of time.