The physical products that a business offers are called ________
A) goods
B) services
C) assets
D) devices
E) intangible
A
Explanation: A) By definition, physical products that a business offers are called goods. Services are intangible products, for example, hair styling or bookkeeping. A physical product may be an asset to the business or the purchaser, but it is a more general term that could include any valuable product or aspect of the business. A device is a physical product, but not all physical products are devices. For instance, pizza would be considered a physical product, but a pizza is not a device.
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When a salesperson takes a listing which does not authorize the listing broker to accept a deposit from an offeror toward purchase of the property, the broker should advise his salesperson that:
A: The broker will not be able to accept a deposit from an offeror; B: It is an implied right of a broker to accept a deposit in behalf of the seller on any offer; C: A deposit will be accepted and retained by the broker from the offeror, but only as agent for the offeror; D: None of the above.
There was a time when software development was coding and nothing but coding, but as software and expectations from software grew more complex ________
A) the cost of development increased B) this narrow approach started to result in unreliable products C) the cost of development decreased D) more people became interested in software development