Which of the Following Statements Is NOT True Regarding the Differences

question 54

Multiple Choice

Which of the following statements is NOT true regarding the differences between goods and services?

• A) Demand for services is easier to forecast.
• B) Customers participate in many services.
• C) Services cannot be stored as physical inventory.
• D) Patents do not protect service processes.

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Definitions:

Competitive Strategy

A planned method of positioning a company in the market and gaining an edge over competitors, often by analyzing strengths, weaknesses, opportunities, and threats.

Customer Needs

The desires or requirements of buyers that drive their purchase decisions, including product features, price, quality, and convenience.

Inventory

The stock of any item or resource used in an organization, including raw materials, components, and finished products.

Uncertainty

A situation in which the outcomes or conditions are unknown or unpredictable.