The major difference between goods and services is: 1. Services lack the profitability that goods enjoy 2. An organization offering goods cannot also offer services 3. It is difficult to inventory services 4. Goods are always customized, services are always standardized 5. Goods production usually requires more labor than services
The major difference between goods and services is: 1. Services lack the profitability that goods enjoy 2. An organization offering goods cannot also offer services 3. It is difficult to inventory services 4. Goods are always customized, services are always standardized 5. Goods production usually requires more labor than services
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The major difference between goods and services is:
1. Services lack the profitability that goods enjoy
2. An organization offering goods cannot also offer services
3. It is difficult to inventory services
4. Goods are always customized, services are always standardized
5. Goods production usually requires more labor than services
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