A Product Is Something That Exists in Nature or Is

question 25

Multiple Choice

A product is something that exists in nature or is made by human industry, usually to be sold, whereas a service is ________.

• A) intangible
• B) tangible
• C) physical
• D) free

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Definitions:

Speed Limits

Regulatory maximum or minimum speeds set for vehicles on certain roads to ensure safety and flow of traffic.

Highway Patrol

A law enforcement body primarily concerned with monitoring and enforcing rules on public roads, especially highways, for safety and compliance.

Evidence Support

Documentation or data that provides backing for claims, hypotheses, or propositions.

Interval Estimate

An estimate of a parameter that includes an upper and lower bound, reflecting the range within which the true parameter value is expected to lie.