Which of the following statements about services is true?
A)Two out of ten Canadians work in the services industry.
B)In Canada, the service sector generates 70 percent of Canada's annual GDP.
C)The marketing of services is the same as the marketing of goods.
D)Services are both tangible and intangible items.

Question

Quizplus · Accepted Answer

According to Statistics Canada, in 2020, the service sector accounted for approximately 70 percent of Canada's GDP. Therefore, statement B is true. Statement A is incorrect as the service industry employs roughly four out of five Canadians, not two out of ten. Statement C is false as the marketing of services involves additional considerations such as the inseparability and perishability of services. Statement D is partly true as services are generally intangible but may have some tangible elements (e.g., physical components like brochures, the appearance of the service provider).

Which of the Following Statements About Services Is True