Which of the following is an advantage of being an entrepreneur in the consumer service industry?

A.) The only initial investment required is the purchase of hard goods

B.) Office or warehouse space is generally unnecessary

C.) Business basics can be learned as the business grows

D.) The only educational requirement is a bachelor's degree

Question

Business

Chad

12 April, 17:11

Which of the following is an advantage of being an entrepreneur in the consumer service industry?

A.) The only initial investment required is the purchase of hard goods

B.) Office or warehouse space is generally unnecessary

C.) Business basics can be learned as the business grows

D.) The only educational requirement is a bachelor's degree

+2

Answers (2)

Know the Answer?

Willie Barron · Answer 1

Office or warehouse space is generally unnecessary (B)

Explanation:

consumer service industry is the type of industry that its products are mainly offered to individuals and not organization.

consumer services are intangible products or services that are consumed almost immediately that they are been offered/produced and this kind of services those not necessarily require to have an office or warehouse since they are consumed almost immediately as they are produced.

business basics are supposed to be learnt before venturing into business it is not advisable to try to learn the basics as the business grows. all other options aren't true about consumer service industry.

example of consumer service is Auto repairs, because this can be carried out any where on a vehicle not necessarily an office

Alfredo Chandler · Answer 2

C is the answer for this question ...