MGMA01H3 Chapter 9: Chapter 9 - Week 6

Which of the following is not a characteristic that distinguishes services from goods?

a) Service jobs are unskilled.

b) A service is intangible.

c) Services are perishable.

d) Services are heterogeneous.

e) None of the above.

36) Market economies have all of the following characteristics, except that they: a) b) c) d) encourage entrepreneurship by offering profits as an incentive allow customers free choice require government intervention in order to prosper allow businesses to charge whatever they want for their products and services