Goods Can Be Defined in Terms of Their Physical Attributes

question 147

True/False

Goods can be defined in terms of their physical attributes, but services cannot because they are intangible.

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Definitions:

Design For Disassembly

The process of designing products so that they can be easily taken apart at the end of their lifecycle, facilitating recycling or repair.

Recycled

The process of converting waste materials into new materials or products.

Component Parts

The individual elements or pieces that make up a larger system or machine, each having a specific function within the whole.

Mediating Technology

Service technology that links people together in a beneficial exchange of values.