______________ are intangible activities for which people are willing to pay (such as dry cleaning,a movie,or medical care).

Question

Quizplus · Accepted Answer

Services are intangible activities or benefits that are exchanged for money, such as dry cleaning, a movie, or medical care. Goods, on the other hand, refer to tangible products that are physically produced and can be touched or held, such as a shirt or a car. Labor refers to the work that people do to produce goods and services. Products is a broad term that could refer to both goods and services, but it is not the best choice in this context since it is not specific enough.

______________ Are Intangible Activities for Which People Are Willing to Pay