Which of the Following Would Be Classified Under Generality in Intangibility

question 13

Multiple Choice

Which of the following would be classified under generality in intangibility?

• A)Safety.
• B)A hamburger.
• C)An airline seat.
• D)Facility appearance.
• E)Expert advice.

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Definitions:

Price Elasticity

A calculation that shows the impact of price changes on the quantity of a good that is demanded.

Price Increase

A rise in the cost of goods or services, affecting the purchasing power of consumers.

Widgets

A generic term often used to refer to any hypothetical manufactured good or product.

Sales Decrease

A situation in which the quantity of products sold by a company or in a market declines.