QUIZ 1.1 HELE 5

It is provided to customers.

• products

• services

• business

• entrepreneurship

This may be created or manufactured for mass market or for individual demands?

• business

• entrepreneurship

• services

• products

Who identifies the different factors for products and service opportunities?

• buyer

• entrepreneur

• vendor

• seller

A type of products that are easily consumed, worn out, unfashionable, and have a lifespan of less than three years.

• durable goods

• non-durable goods

• service

• intangible goods

This are products that are useful over long period of time?

• Non-durable goods

• Service

• Intangible goods

• Durable goods

What is a type of services that are provided by the government or nonprofit organizations?

• Business services

• Private services

• Social services

• Personal Services

These are personalized activities provided to individuals according to their needs.

• Personal services

• Business services

• Private business

• Social business

What characteristic of services that cannot be stored for future use?

• Intangible

• Varied

• Inseparable

• Perishable

This characteristic of services cannot be touched, stored, or package.

• Inseparable

• Tangible

• Intangible

• Varied

Food is an example of what type of goods?

• Durable goods

• Non-durable goods