Which of the Following Is an Accurate Comparison of Products

question 10

Multiple Choice

Which of the following is an accurate comparison of products and services?

• A) Services have tangible attributes; products do not.
• B) Services are produced at one point and sold at another; products are not.
• C) Services cannot be stored for future sale; products can.
• D) Services have homogeneity; products have heterogeneity.

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Definitions:

Marginal Utility

The additional satisfaction or utility that a consumer derives from consuming an additional unit of a good or service.

Purchases

The act of buying goods or services.

Product X

A placeholder name used to refer to a generic or unspecified product in economic and marketing contexts.

Rational Consumer

The theoretical concept of a consumer who always makes decisions that provide the greatest benefit or utility according to their preferences.