Understanding Goods and Services

What is the primary difference between goods and services?

• Goods are tangible items, while services are actions performed to help others.

• Goods are actions performed to help others, while services are tangible items.

• Goods and services are both actions performed to help others.

• Goods and services are both tangible items.

Which of the following is an example of a service?

• A piece of furniture

• A book

• A toy

• A haircut

In a supermarket, what role does the cashier play?

• The cashier provides goods by stocking shelves.

• The cashier provides a service by scanning items and helping with payment.

• The cashier grows fresh produce.

• The cashier manufactures toys.

What is an example of a good used in a classroom?

• Guidance

• A notebook

• Teaching

• Cleaning

How do doctors provide a service in healthcare?

• By selling medicine

• By growing medicinal plants

• By examining patients and giving advice

• By manufacturing medical tools