Ask Question
BusinessBusiness
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.

+5
Answers (1)
  1. 27 February, 17:28
    0
    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).
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following statements is true of services? a. They are homogeneous in nature. b. They can be inventoried to be consumed later. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
If a higher priority process arrives and wants service, the memory manager can swap out the lower priority process to execute the higher priority process.
Answers (1)
A security firm is offered $80,000 in one year for providing cctv coverage of a property. the cost of providing this coverage to the security firm is $74,000, payable now, and the interest rate is 8.5%. should the firm take the contract?
Answers (1)
Sarah owns a vacation cabin in the Tennessee mountains. Without considering the cabin, she has gross income of $65,000. During the year, she rents the cabin for two weeks for $2,500 and uses it herself for four weeks.
Answers (1)
In front of you is a slow-moving truck you want to pass. You see no vehicles coming from the other direction. What four things should you consider as you decide whether or not to pass?
Answers (1)
U. s. currency is part of
Answers (1)
New Questions in Business
The sticky-price theory of the short-run aggregate supply curve says that when the price level is higher than expected, some firms will have higher than desired prices, which leads to an increase in the aggregate quantity of goods and services
Answers (1)
Zenovia inc., a well-established and reputed multinational enterprise (mne), is headquartered in a highly developed economy.
Answers (1)
Compared to more developed countries, less developed countries have a higher percentage of workers in which sector of the economy?
Answers (1)
The owners of sole proprietorships and partnerships have A. unlimited liability. B. general incorporation laws. C. greater ability to raise funds than a corporation. D. relatively high organization costs.
Answers (1)
Cash received prior to delivering a product or performing a service is called what
Answers (1)
Home » Business » 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.
Sign Up Forgot Password?