Question

A service is any intangible offering that involves a deed, performance, or effort that _________.

Answer 1

Answer:

Any deed, performance, or effort that cannot be physically possessed is referred to as an intangible offering called service.

Explanation:

• Unlike a physical commodity, which is tangible in nature, a service that does not have any physical form, cannot be possessed as an asset.
• This is because, the service is rendered by an institution or an individual to another institution or individual through providing perks that are not measurable in mass or matter.