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Question

What is the main difference between the production and consumption of products and services?

a.

Services are produced and consumed simultaneously, whereas production and consumption of products can be separated.

b.

Products are produced and consumed simultaneously, whereas production and consumption of services can be separated.

c.

Both products and services are produced and consumed simultaneously.

d.

None of the above.

Answer: (a).Services are produced and consumed simultaneously, whereas production and consumption of products can be separated. Explanation:Services are produced and consumed simultaneously, whereas production and consumption of products can be separated.

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Q. What is the main difference between the production and consumption of products and services?

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