Which of the following is an example of a service?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $25.99Unlock all

Prepare for the MTTC Upper Elementary Science and Social Studies Test (124). Boost your confidence with comprehensive learning materials including quizzes and detailed explanations. Ready yourself for success on your exam day!

Multiple Choice

Which of the following is an example of a service?

Explanation:
This question tests distinguishing between a service and a good. A service is an action performed for someone that provides value through labor rather than delivering a physical item. A haircut is an action performed by a stylist for you; the benefit is the change in your appearance, not a tangible object you take home. The other options are tangible goods: bread is a physical product, a car is a physical object, and a tank of gas is a tangible fuel product. So the best example of a service is a haircut because it is the performing of work for the customer rather than delivering a physical item.

This question tests distinguishing between a service and a good. A service is an action performed for someone that provides value through labor rather than delivering a physical item. A haircut is an action performed by a stylist for you; the benefit is the change in your appearance, not a tangible object you take home. The other options are tangible goods: bread is a physical product, a car is a physical object, and a tank of gas is a tangible fuel product. So the best example of a service is a haircut because it is the performing of work for the customer rather than delivering a physical item.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy