Which of the Following Statements About Products,goods,and Services Is True

question 23

Multiple Choice

Which of the following statements about products,goods,and services is true?

• A) Products are a bundle of purely intangible attributes.
• B) Services are tangible products.
• C) Goods are physical objects that can be purchased.
• D) Salespeople never or rarely sell services.
• E) Products only refer to physical objects.

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Definitions:

Profit and Loss

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period, usually a fiscal quarter or year.

Comparative Purposes

For purposes of comparison, often to analyze differences or similarities between two or more items or situations.

External Data

Information that originates outside the organization and is used for analysis or decision making.

Economic Analyses

The systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving a specific objective under the given assumptions and constraints.