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Question
A ______ is an intangible product involving a deed, a performance or an effort that cannot be stored or physically possessed.
Options
Production
Consumption
Service
All of these
Solution
A Service is an intangible product involving a deed, a performance or an effort that cannot be stored or physically possessed.
Explanation:
A service is an intangible product that involves providing a performance or effort, such as healthcare, education, or maintenance work. Unlike physical goods, services cannot be stored, touched, or owned, and they are consumed at the point of delivery.
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