Question: The terms goods and services are often used interchangeably, however, there are key differences in the characteristics of services and goods. Distinguish 5 differences between

The terms goods and services are often used

The terms goods and services are often used interchangeably, however, there are key differences in the characteristics of services and goods. Distinguish 5 differences between goods and services. (10 marks - 1 mark per correct answer)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

CHAPTER 10 Leadership in Public Administration SETTING THE STAGE In 1988, Jim Diers became the first director of Seattle's newly created Department of Neighborhoods (DON, originally named the Office...

PLEASE ANSWER ME THE QUES 7 AND 8 , THANKS VERY MUCH. NEEDING DETAILED INFORMATION. \freport high account receivable or low current liabilities segregation of duties,double checks, recheck the...

Homework Problem Purpose The purpose of this assignment is to assess your ability to: Explain the management planning and control cycle, and identify the major differences between financial...

Chapter 2 User-Centered Systems Design: A Brief History Abstract The intention of this book is to help you think about design from a user-centered perspective. Our aim is to help you understand what...

Question 1 Criticallyanalyzethe statement petroleum industry is also highly capital-intensive, so strong returns are critical to attracting low-cost debt and equity capital. In fact, while many of...

Chapter 13 Legal and regulatory challenges for entrepreneurial ventures Objectives 1. To introduce the importance of legal and regulatory issues to entrepreneurs 2. To review the regulatory...

Moving into the decade of the 2020s, Kevin Murphy reflected back over his two years as president of Publix Super Markets, Inc. Sales and profits had maintained their positive trend, established long...

Reference: Publix Super Markets: Its Strategy in the U.S. Supermarket and Grocery Store Industry Case Study Help on: In 750-800 WO****DS Answer These Questions and Provide Works Cited Page. Wr****...

Will you please answe it by order, I would really appreciate that, thank you Seventh Generation: Responding to the Marketing Environment Taking an Iroquois directive - "In our every deliberation, we...

Repeat Problem 4 with the change that Arrowsmith Lumbers cost of capital is 12.5%. Problem 4 The timber rights to a tract of forest can be purchased for $220,000. The harvesting agreement would allow...

You have been asked to give a presentation to a group of managers at the accountancy firm in which you are hoping to negotiate access for research. You wish to pursue the research question, What are...

When you choose to trace dependents and trace precedents, Excel puts arrows on the workbook to show you how the formula in the cell is constructed. Question content area bottom Part 1 True False

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...