One difference between services in the production of goods is that the services are <u>consumed by the consumer instantly </u> where as good as can be<u> stored by the consumer </u>
Explanation:
Goods and services are two important types of purchases that people make.
A good is termed as tangible or physical product that people can buy, tangible meaning something you can touch,and store for later use
A service is said to be intangible, which can't be physically touched or stored.You can only pay for a service
The term Perishability means that services cannot be stored for later sale or use. In other words, services cannot be inventoried. This is one of the most significant characteristics of services, and it has a major impact on financial results of a company
One difference between services in the production of goods is that the services are <u>consumed by the consumer instantly </u> where as good as can be<u> stored by the consumer </u>
I would think shoes because it’s the only one that can be produced.
B. as price rise so will supply, and prices will fall, so will supply
Answer:
9.2%
Explanation:
expected return of the investment = potential return x chance of each return happening
Expected return of the investment:
- 20% chance of occurring x 30% potential return = 0.2 x 30% = 6%
- 50% chance of occurring x 10% potential return = 0.5 x 10% = 5%
- 30% chance of occurring x -6% potential return = 0.3 x -6% = -1.8%
- total expected return = 9.2%
