Which of the following is the primary source of revenue for a service business?
A. the production of products from raw materials
B. the purchase and resale of finished products
C. providing intangible goods and services
D. the sale of raw materials to manufacturing firms

Concept introduction:
An organization can be classified into manufacturing or servicing firm. The activities done under manufacturing business are manufacturing, payment to the supplier, sales and receipts from the customer.
To choose:
The primary source of revenue for a service business.
Answer to Problem 1MC
C. Providing intangible good and services
Explanation of Solution
Explanation for correct answer:
The primary source of revenue for a service business is providing intangible good and services. Hence the correct option is C.
Explanation for incorrect answers:
A. The primary source of revenue for a service business is providing intangible good and services. Hence this option is incorrect.
B. The primary source of revenue for a service business is providing intangible good and services. Hence this option is incorrect.
D. The primary source of revenue for a service business is providing intangible good and services.. Hence this option is incorrect.
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