Although companies are often classified as either goods producers or service providers, the boundary is often blurred.

Question

Quizplus · Accepted Answer

The statement is true. Many companies nowadays offer both goods and services, and the distinction between the two is not always clear-cut. For example, a car manufacturer not only produces physical products (cars) but also offers various services related to those products, such as maintenance, repair, and financing. Similarly, a software company might sell a product (e.g., a computer program) but also provide services such as technical support, training, and customization.

Although Companies Are Often Classified as Either Goods Producers or Service