Which of the Following Is the Most Basic and Obvious

question 31

Multiple Choice

Which of the following is the most basic and obvious difference between goods and services?

• A)Perishability
• B)Intangibility
• C)Reparability
• D)Palpability

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Definitions:

S.T.E.P. Acronym

A reference to the STEP (Social, Technological, Economic, Political) analysis, a framework for scanning the business environment.

Empower, And Perform

A concept focused on providing individuals or groups with the resources, confidence, and freedom to achieve their maximum potential and deliver high performance.

Open-Book Management

A business approach where financial and performance data are shared with all employees to foster involvement and accountability.

Stock Ownership

The holding of shares in a company, representing a claim on the company's assets and earnings.