What is the difference between consumer goods and consumer services? Give an example of each
What will be an ideal response?
Consumer goods are the tangible products that individual consumers purchase for personal or family use. Consumer services are intangible products that consumers pay for and use but never own. Examples will vary, but should reflect these definitions.
Business
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Gilbert, Inc. generated sales revenues of $1,400,000 in 2017. Its cost of goods sold amounted to Calculate Gilbert's gross profit percentage
A) 40% B) 60% C) 167% D) 250%
Business
________ let would-be suppliers submit only one bid; they cannot know the other bids
A) Descending bid auctions B) Sealed-bid auctions C) English auctions D) Dutch auctions E) Reverse auctions
Business