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All Products and Services Are Intangible

question 104

True/False

All products and services are intangible.


Definitions:

Franchisee

An individual or company that has been granted the license to do business under the franchisor's trademark, trade name, and business model.

Managerial Advice

Guidance and recommendations provided to managers on making strategic decisions, solving problems, and optimizing operational efficiency.

Established Business

A company that has been operating for a significant period of time, demonstrating stability and sustained performance in its industry.

Self-Service

A form of service delivery where customers perform tasks and access services independently, without direct assistance from staff.

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