Services, as opposed to physical products:
A) May be stored for later use.
B) Are usually sold first, and then produced.
C) Are usually produced and consumed in different time frames.
D) Never require the presence of the consumer in order to be performed.
E) None of these alternatives is correct.

Question

Quizplus · Accepted Answer

Services are typically sold before they are produced, meaning the provider agrees to perform a service in the future. Unlike physical products, services are intangible and are often produced and consumed simultaneously, requiring the presence of the consumer in many cases. They cannot be stored for later use.

Services, as Opposed to Physical Products