Which of the Following Is a Characteristic of a Service

question 5

Multiple Choice

Which of the following is a characteristic of a service company?

• A) It transforms raw materials into finished goods.
• B) It makes a product.
• C) It does not have tangible products intended for sale.
• D) It has a single category of inventory.

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Definitions:

Pollution Permits

Licenses issued by governments that allow the holder to emit a certain amount of pollution; these can be traded in a market.

Interested Parties

Refers to individuals or groups that have a stake or interest in the outcome of a project, decision, or outcome.

Efficient Outcome

A situation in which resources are allocated in the most effective way possible, often achieved through market equilibrium where supply equals demand.

Government Intervention

Actions by a government to influence or directly manage an economy or specific sectors, aiming to correct market failures, stimulate economic growth, or achieve social objectives.