An advantage for many service industries is the fact that services,because of their intangibility,are less subject to _____ than goods.

Question

Quizplus · Accepted Answer

Obsolescence refers to the process of becoming outdated or no longer useful. Since services are intangible, they do not have a physical form that can become outdated or obsolete. Goods, on the other hand, can quickly become outdated if newer and better alternatives are introduced to the market. Therefore, services are less subject to obsolescence than goods.

An Advantage for Many Service Industries Is the Fact That