Goods Vs Services

Which of the following is an example of a consumer good?

• A laptop for personal use

• A car used for business purposes

• Factory equipment

Define Personal Services

• Services provided by companies to a wide audience

• Services perfomed directly for individuals

• Services related to technology

Which of the following is an example of a Commercial service?

• Haircut by a local stylist

• Online streaming subscription

• Personal fitness training

• Home tutoring

If a company offers financial advice to a broad customer base, what type of service is it?

• Personal (Direct) service

• Commercial (Impersonal, Indirect) service

• Producer service

• Consumer service

If a company produces machinery used to manufacture other products, what category does it fall into?

• Consumer good

• Producer goods

• Personal services

• Commercial services

Imagine you are buying a laptop for your personal use. What category does the laptop fall into?

• Consumer goods

• Producer goods

• • Personal services

• Commercial services

You hire a gardener to maintain your backyard. What type of service is this?

• Personal service

• Commercial service

• Consumer service

• Producer service