Which of the following statements about the service sector is true?
A) Over the next two decades the service sector in the U.S. will decline in monetary importance.
B) The spending on service sector accounts for fewer than 30 percent of all jobs in the U.S.
C) The fastest-growing segment of the American economy has been the production of tangibles and not the performance of services.
D) The service sector in the U.S. produces a balance-of-trade surplus annually and is expected to be responsible for all net job growth in the foreseeable future.
Correct Answer:
Verified
Q2: Service products such as bank loans or
Q3: Service products are often difficult to identify,
Q4: Variations in quality and variance from standards
Q5: Totally intangible services are exchanged directly from
Q6: The nurses in the pediatric unit of
Q8: Goods are usually produced and sold by
Q9: Which of the following is the best
Q10: Identify the incorrect statement concerning services.
A) Customers
Q11: The obvious basic difference between goods and
Q12: Services are composed of intangible elements that
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