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Economic Resources - Services

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

A service is a ____________ product provided by a firm.

a)

tangible

b)

physical

c)

intangible

d)

theoretical

2.

A service can provide a physical end-product.

a)

TRUE

b)

FALSE

3.

Which of the following is not a service.

a)

tennis shoes

b)

a hair cut

c)

a singer performing

d)

a chef cooking

4.

___________ is the aspect of services that describes how they do not last forever.

a)

Intangibility

b)

Perishability

c)

Non-standardization

d)

Labour Intensity

5.

___________ is the aspect of services that describes the communication of customer and service provider .

a)

Buyer Involvement

b)

Demand fluctuations

c)

Non-standardization

d)

Labour Intensity

6.

Labour Intensity refers to the fact that

a)

services do not last

b)

services are not all the same

c)

services are provided by human beings

d)

None of the above

7.

The desires of the consumers will change based on trends. This aspect links to

a)

Buyer Involvement

b)

Tangibility

c)

Lack Standardization

d)

None of the above

8.

Both service and goods can be paid for.

a)

TRUE

b)

FALSE

9.

Both goods and services are provided based on demand.

a)

TRUE

b)

FALSE

10.

No 2 services have the same characteristics.

a)

TRUE

b)

FALSE