Which of the following statements is true of services? a. They are homogeneous in nature. b. They can be inventoried to be consumed later. c. The production and consumption of services can be separated. d. They are intangible in nature.

Question

Business

Issac Johns

27 February, 13:50

Which of the following statements is true of services? a. They are homogeneous in nature. b. They can be inventoried to be consumed later. c. The production and consumption of services can be separated. d. They are intangible in nature.

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Answers (1)

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Raul Shepard · Answer 1

D. They are intangible in nature

Explanation:

Service

Services are defined as valuable actions, deeds or effort performed in order to satisfy a consumer's or customer's needs.

It is an intangible product as opposed to goods which are tangible. Services includes banking, education, cleaning, insurance, land scaping, medical treatment and so on. Services are non physical, meaning they cannot be manufactured, transported or stored/stocked (that is, it cannot be stored for future uses).