Walt owns a business in which he offers standardized test preparation classes and individual tutoring for students. This is an example of a

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This is a service business because it does not produce tangible goods. The service sector accounts for 80 percent of U.S. jobs, excluding farmworkers. Real estate, insurance and personnel agencies, barbershops, banks, television and computer repair shops, copy centers, dry cleaners, and accounting firms are all service businesses.

Walt Owns a Business in Which He Offers Standardized Test