A firm producing a good is more likely to have which set of the following characteristics compared to a firm providing a service?
A) many subjective quality standards, tangible product, and locate away from customers
B) many subjective quality standards, intangible product, and locate away from customers
C) many objective quality standards, tangible product, and locate near customers
D) many objective quality standards, tangible product, and locate away from customers
E) many objective quality standards, intangible product, and locate away from customers

Question

Quizplus · Accepted Answer

Firms producing goods often have objective quality standards due to the tangible nature of their products, allowing for easier measurement and comparison. They can also locate away from customers because physical products can be shipped or distributed to various locations.

A Firm Producing a Good Is More Likely to Have