Increasingly, services compete against goods and become an alternative offering.

Question

Quizplus · Accepted Answer

This statement is true. As the economy shifts towards a service-based model, services are becoming more competitive with goods and are often seen as a viable alternative. For example, instead of purchasing a physical book, consumers may choose to download an e-book or audiobook service. Similarly, instead of buying a car, consumers may opt for a ride-sharing service like Uber or Lyft.

Increasingly, Services Compete Against Goods and Become an Alternative Offering