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5 June, 22:43

Which of the following statements is true of services? a. They are homogeneous in nature. b. They can be inventoried to be consumed later. c. The production and consumption of services can be separated. d. They are intangible in nature.

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  1. 5 June, 23:09
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    D. They are intangible in nature

    Explanation:

    Service

    Services are defined as valuable actions, deeds or effort performed in order to satisfy a consumer's or customer's needs.

    It is an intangible product as opposed to goods which are tangible. Services includes banking, education, cleaning, insurance, land scaping, medical treatment and so on. Services are non physical, meaning they cannot be manufactured, transported or stored/stocked (that is, it cannot be stored for future uses).
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Home » Business » Which of the following statements is true of services? a. They are homogeneous in nature. b. They can be inventoried to be consumed later. c. The production and consumption of services can be separated. d. They are intangible in nature.
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