Businesses such as hospitals, insurance companies, financial institutions, and attorneys convert resources into _____ products.

Question

Quizplus · Accepted Answer

These types of businesses primarily deal in intangible products, such as healthcare services, insurance policies, financial advice, and legal counsel. While there may be physical components involved (such as medical equipment or legal documents), the core product is not something that can be touched or held.

Businesses Such as Hospitals, Insurance Companies, Financial Institutions, and Attorneys