Which of the Following Statements Is TRUE of Goods and Services

question 58

Multiple Choice

Which of the following statements is TRUE of goods and services?

• A) A variant is always a durable good with new features.
• B) An automobile is a nondurable good.
• C) Demand for goods is more difficult to predict than demand for services.
• D) Normally, patents do not protect services.

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Definitions:

Toxic Leaders

Individuals in leadership positions who engage in destructive behaviors, negatively affecting the well-being of their subordinates and the organization's culture.

The Allure Of

Generally refers to the attractive or compelling quality of something that draws interest or attention.

Jean Lipman-Blumen

A scholar known for her research in leadership, particularly in crisis leadership and the theory of toxic leadership.

Boarding School

An educational institution where students live on premises during the school term, providing a unique environment for both academic and personal development.