Write the Correct Meaning for LOM

question 56

Short Answer

Write the correct meaning for LOM:

---

Definitions:

Service-providing Industries

Sectors that involve offering intangible goods or services to consumers, such as healthcare, finance, and education.

Total Costs

The aggregate amount of all expenses associated with the production of a good or the operation of a business.

Larger Firms

Companies or businesses that employ a large number of workers and typically have a substantial volume of business operations and market influence.

Health Insurance

A form of insurance coverage that pays for an individual's or group's medical and surgical expenses or reimburses losses from sickness.