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polet [3.4K]
3 years ago
14

Choose the correct way term to complete each sentence on goods and services. Ida has many errands to do today. First, she goes t

o a department store to try on some shirts. A shirt is an example of a(n) because it is . Next, she goes to a restaurant to eat lunch. She could have gone to the grocery store to buy food for the entire week, but she chooses to sit and relax. However, as soon as she leaves the restaurant, the relaxing moment is over. This is because the restaurant experience is a and it is .
Business
1 answer:
andreev551 [17]3 years ago
4 0

Answer:

Explanation:

Goods are tangible items that that can be bought at a price while services is defined as intangible benefits that is provided . However , they both provide value and satisfaction to the buying party

A shirt in the scenario is an example of a good as it was a tangible product that did not perish immediately.

The restaurant experience is a service as she chose to go there in order to sit and relax , in addition to buying the food stuff which could have been bought in a grocery store. The sitting and relaxing was an intangible product that expired (perish) as soon as she left the restaurant which qualifies it as a service

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5 0
3 years ago
The Maple Grove Hotel manager has collected data on the number of rooms occupied each evening for the past 700 nights. The fewes
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Suppose two factors are identified for the U.S. economy: the growth rate of industrial production, IP, and the inflation rate, I
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2 years ago
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Explanation:

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3 years ago
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