Answer:A product is a tangible item that is put on the market for acquisition, attention, or consumption, while a service is an intangible item, which arises from the output of one or more individuals. ... In most cases services are intangible, but products are not always tangible. difference between them is products are tangible objects that can be seen, felt and can be moved, whereas, services are intangible and cannot be moved. ... Key Features of a Product. The main character of a product is that it is a physical item that is tangible.
hope this helps have a nice day❤️
Explanation:
Answer:
It must involve the transfer of resources to another entity.
Explanation:
A liability is defined as an obligation of future outflow of economic benefits that arise as a result of past actions either through sales , exchange of assets or services , or any other business related events.
Before a liability can be recognized , it must satisfy these three conditions
- It must involve probable outflow of economic resources
- A present obligation that arose as a result of past transactions
- It must involve a transfer of resources to another entity
This is an adaptive change.
Dealing with these schedules requires employees to <em>adapt </em>to shifting schedules and more work.
Answer:
Unsecured Loan
Explanation:
Unsecured Loan is the loan which is approved by the bank without the requirement of collateral. Rather pledging the asset, borrower need to qualify grounded on their income and the credit history.
In this scenario, Zachary who is a graduate took a loan which is not backed by any asset and he fails to pay the loan. It is a kind of unsecured loan.
