Question

Identify a difference between goods and services.

a. Goods can be stored as physical inventory, whereas services cannot be stored as physical inventory.

b. Goods-producing firms rely solely on soft technology, whereas service-providing firms rely solely on hard technology.

c. The demand for goods cannot be predicted, whereas the demand for services can be easily predicted.

d. Customers directly participate in goods-producing activities, whereas customers do not participate in service-providing activities.

Answer

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