Asked by
Wyatt Brink
on Nov 11, 2024
Verified
The difference between a good and a service is that:
A) a good helps satisfy unlimited wants,but a service does not.
B) a service helps satisfy unlimited wants,but a good does not.
C) a service is available in unlimited quantities,but a good is not.
D) a good is available in unlimited quantities,but a service is not.
E) a good is tangible,but a service is not.
Tangible
Refers to physical assets or goods that can be seen, touched, and valued, as opposed to intangible assets like intellectual property.
Service
An activity, or intangible product, used to satisfy human wants.
- Distinguish between goods and services.
Verified Answer
AJ
Learning Objectives
- Distinguish between goods and services.