Unlike a "service, " a "good"
A)is desirable
B)uses resources to satisfy wants
C)is physical and tangible
D)is abundant and free
E)is a resource

Question

Quizplus · Accepted Answer

A good is a physical and tangible item that is produced to satisfy wants and needs. This differentiates it from a service, which is an intangible activity performed to fulfill a consumer's needs. While a good can be desirable, it is not the defining characteristic of a good. Yherefore, the best answer is C - it is physical and tangible.

Unlike a "Service, " a "Good