Goods and services

Goods and services

Assessment

Flashcard

English

1st - 3rd Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

What is a good?

Back

A good is a tangible item that can be purchased or sold, such as food, clothing, or electronics.

2.

FLASHCARD QUESTION

Front

What is a service?

Back

A service is an intangible activity or benefit that one party provides to another, such as haircuts, repairs, or education.

3.

FLASHCARD QUESTION

Front

Can you give an example of a good?

Back

An example of a good is a smartphone.

4.

FLASHCARD QUESTION

Front

Can you give an example of a service?

Back

An example of a service is a car repair.

5.

FLASHCARD QUESTION

Front

What distinguishes goods from services?

Back

Goods are tangible and can be physically touched, while services are intangible and cannot be physically touched.

6.

FLASHCARD QUESTION

Front

What are the characteristics of goods?

Back

Goods are physical, can be stored, have a specific lifespan, and can be owned.

7.

FLASHCARD QUESTION

Front

What are the characteristics of services?

Back

Services are perishable, cannot be owned, are produced and consumed simultaneously, and are variable in quality.

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