One of the Characteristics That Distinguish a Manufactured Product from a Service

question 25

Multiple Choice

One of the characteristics that distinguish a manufactured product from a service product is which of the following?

• A)Customers are always directly involved in creating the output
• B)Customers often directly interact with manufacturing workers
• C)A manufactured product is a tangible,physical item
• D)Customers can purchase the identical service product from a number of outlets
• E)A service product is superficial

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Definitions:

Antitrust Laws

Legislation enacted to prevent monopolies and promote competition among businesses, ensuring fair and free market practices.

Price Control

Government policies or regulations that set or limit the price of certain goods and services in an attempt to control inflation and ensure affordability.

Steel Makers

Companies involved in the production of steel, an alloy of iron and carbon used widely in construction and manufacturing.

Attempted Monopolization

An action by a firm that involves anticompetitive conduct, the intent to gain monopoly power, and a “dangerous probability” of success in achieving monopoly power.