The basic difference between a good and a service is that a good:

a. provides intangible benefits

b. can be physically touched

c. generates greater interest among consumers

d. is always less expensive than a corresponding service

e. is more quickly forgotten by consumers

Question

Business

Kiara Strong

4 April, 08:38

The basic difference between a good and a service is that a good:

a. provides intangible benefits

b. can be physically touched

c. generates greater interest among consumers

d. is always less expensive than a corresponding service

e. is more quickly forgotten by consumers

+2

Answers (1)

Know the Answer?

Giselle Garrison · Answer 1

The correct answer is letter "B": can be physically touched.

Explanation:

Goods are those material assets that satisfy consumers' needs. Services are also provided to fulfill individuals' wants but they are intangible, meaning even if goods can be rendered from one person to another, services cannot be touched or perceived with the senses. The creation of goods and services to cover different types of necessities is what drives countries' economies.

The basic difference between a good and a service is that a good:a. provides intangible benefitsb. can be physically touchedc. generates greater interest among consumersd. is always less expensive than a corresponding servicee. is more quickly forgotten by consumers

The basic difference between a good and a service is that a good:

a. provides intangible benefits

b. can be physically touched

c. generates greater interest among consumers

d. is always less expensive than a corresponding service

e. is more quickly forgotten by consumers