Service isa)tangibleb)intangiblec)both (a) and (b)d)physical ProductCorrect answer is option 'C'. Can you explain this answer?

Question

Answer

Intangible products and services include things like insurance policies, tax preparation services and cell phone service contracts.

as i think option(b) is correct.

hope it will help u:)

Answer

I think the correct answer is (b). I may not be right.

Answer

The definition of service is “any intangible product, which is essentially a transaction and is transferred from the buyer to the seller in exchange for some consideration (or no consideration).

Answer

Service is both tangible and intangible.

Tangible aspects of Service:
- Physical evidence: In some services, there may be a physical evidence of the service provided. For example, a hair salon provides a tangible service of haircut, which can be seen and felt physically.
- Tangible goods: Some services may come with tangible goods. For example, a restaurant provides a service of food, which is intangible, but it also comes with tangible goods such as plates, utensils, and napkins.

Intangible aspects of Service:
- Service quality: The quality of service provided is intangible as it cannot be seen or touched, but it can be experienced by the customer.
- Customer experience: The experience of the customer while receiving the service is also intangible.
- Time-based: Services are often time-based, meaning they are provided for a specific duration, but the service itself is not a physical entity.

Therefore, Service is both tangible and intangible as it may have physical and non-physical aspects.

Answer

It is both tangible and intangible because the products are tangible and services are intangible in nature

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