In Terms of Uniformity,which of the Following Is a Difference

question 94

Multiple Choice

In terms of uniformity,which of the following is a difference between services and goods?

• A)Owing to customer non-participation,services are often linear,while goods are non-linear.
• B)Services often involve a short-term,impersonal relationship between buyer and seller,while goods often involve a personal,long-term relationship.
• C)Because of high involvement on the part of a buyer,services tend to be unique,with the quality likely to vary,while the quality and variance from standards of goods can be corrected before purchase.
• D)Services can be inventoried uniformly,while goods face stockouts due to their heterogeneous nature.

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Definitions:

Settlement

An agreement reached between parties in a dispute, ending the dispute and avoiding taking the matter to trial.

Purchase Agreement

A legally binding contract outlining the terms and conditions for the sale and purchase of goods, services, or property.

Deed

A legal document that represents the ownership of property, transferring it from one party to another.

Mortgage

A loan specifically designed for the purchase of property, in which the property itself serves as security for the loan.