All the Followings Are Unique Characteristics of a Service EXCEPT

question 13

Multiple Choice

All the followings are unique characteristics of a service EXCEPT:

• A)Intangible
• B)Perishable
• C)Variable
• D)Durable
• E)Inseparable

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Definitions:

Sales Revenue

Income generated from selling goods or services over a period, critical for determining a company's profitability.

Gross Profit

The financial gain calculated by subtracting the cost of goods sold from the revenue generated from sales of those goods.

Operating Expenses

Costs associated with the day-to-day operations of a business such as rent, salaries, and utilities.

Revenues

Income generated from normal business operations and includes discounts and deductions for returned merchandise.