Advertisements
Advertisements
Question
______ are intangible benefits, utilities and satisfactions which are offered for sale.
Options
Product
Market
Price
Services
Solution
Services are intangible benefits, utilities and satisfactions which are offered for sale.
Explanation:
Services are non-physical, intangible offerings that provide benefits, utilities, and satisfaction to customers. Examples include banking, insurance, and beauty parlours. Services are consumed at the point of delivery and cannot be owned or stored.
APPEARS IN
RELATED QUESTIONS
Any tangible material offered for sale and which can be replaced is a ______.
Mention five points of distinction between a Product and a Service.
In case of a standardised product, each unit of product is a perfect substitute for others it is impossible to differentiate one unit from other unit. Which types of products is this?
Services are ______.
"It is a set-off tangible and physical attributes such as material colour, design, size, weight, etc., assembled in an identifiable form better seller offers to customers for sale." What is it?
Insurance, banking, beauty parlour etc. are examples of ______.
Insurance and banking are examples of ______.
Two features of products are ______.
State any two characteristics of a service.
Explain the features of a product.
