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______ makes a service different from a product. - Commercial Applications

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Question

______ makes a service different from a product.

Options

  • Pricing

  • Intangibility

  • Ubiquity

  • Liquidity

MCQ
Fill in the Blanks

Solution

Intangibility makes a service different from a product.

Explanation:

Intangibility is the key characteristic that differentiates a service from a product. Services cannot be seen, touched, or stored; they are experienced rather than owned. This contrasts with products, which are tangible, physical items that can be possessed and stored.

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Difference Between a Product and a Service (With Examples)
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Chapter 1: Markets and Marketing - EXERCISES [Page 11]

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Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 1 Markets and Marketing
EXERCISES | Q 29. | Page 11
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