A ____ organization is one that transforms resources into an intangible output and creates time and place utility for its customers.
A)manufacturing
B)production
C)service
D)profitable
E)None of these.

Question

Quizplus · Accepted Answer

A service organization transforms resources such as labor, expertise, and technology into intangible outputs such as education, healthcare, and transportation. It creates time and place utility for its customers by providing convenient access to the services they need at the times and places they need them. In contrast, a manufacturing organization transforms raw materials into tangible products, while a production organization may refer to any organization involved in the production of goods or services. The term "profitable" does not specify the type of organization or its output.

A ____ Organization Is One That Transforms Resources into an Intangible