Which of the Following Statements About Goods and Services Is

question 63

Multiple Choice

Which of the following statements about goods and services is FALSE?

• A) Service encounters can be between a customer and a service provider.
• B) Demand for physical goods is more difficult to predict than demand for services.
• C) Services cannot be stored as physical inventory for future sale.
• D) Normally, patents do not protect services.

---

Definitions:

IDEAS Process

A systematic approach to problem-solving that involves Identifying issues, Defining them, Exploring solutions, Acting on decisions, and Studying the impacts.

Majoring

The process of specializing in a specific area of study in higher education.

IDEAS Process

An organized approach to critical thinking that involves Identifying, Defining, Exploring, Acting, and Seeking to evaluate complex problems.

Interpretation

The act of explaining, redefining, or providing the meaning of messages, statements, or texts.