Services are intangible whereas goods are tangible. 2. Goods can be produced according to specifications whereas services involve high levels of variability a. 1 – True 2 – False b. 1 – False 2 – False c. 1 – True 2 – True d. 1 – False 2 – False

Services are intangible whereas goods are tangible. 2. Goods can be produced according to specifications whereas services involve high levels of variability a. 1 – True 2 – False b. 1 – False 2 – False c. 1 – True 2 – True d. 1 – False 2 – False

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Services are intangible whereas goods are tangible. 2. Goods can be produced according to specifications whereas services involve high levels of variability

1 – True 2 – False

1 – False 2 – False

1 – True 2 – True

1 – False 2 – False

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