Services Are More Tangible,more Customized,and More Storable Than Most Products

question 61

True/False

Services are more tangible,more customized,and more storable than most products.

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Definitions:

Yarn

A long continuous length of interlocked fibers used in the production of textiles, knitting, crocheting, sewing, and weaving.

Beginning Finished Goods

The stock of completed goods ready for sale at the beginning of a financial period.

Ending Finished Goods

The inventory of goods that are completed and ready for sale at the end of an accounting period.

Sales

The total amount of goods or services sold by a business during a particular period.