The intangible outputs that encompass diversity of services is called:a)Quaternary activitiesb)Tertiary activitiesc)Secondary activitiesd)Primary activitiesCorrect answer is option 'B'. Can you explain this answer?

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The intangible outputs that encompass diversity of services is called:

a)
Quaternary activities
b)
Tertiary activities
c)
Secondary activities
d)
Primary activities

Correct answer is option 'B'. Can you explain this answer?

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The intangible outputs that encompass diversity of services is called:...

The sector includes wide range of services, like services of a plumber to that of lawyer or a teacher etc.

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Read the case study given below and answer the questions that follow:Tertiary activities are related to the service sector. Manpower is an important component of the service sector as most of the tertiary activities are performed by skilled labour, professionally trained experts and consultants. Tertiary activities include both production and exchange. The production involves the ‘provision’ of services that are ‘consumed’. The output is indirectly measured in terms of wages and salaries. Exchange involves trade, transport and communication facilities that are used to overcome distance. Tertiary activities, therefore, involve the commercial output of services rather than the production of tangible goods. They are not directly involved in the processing of physical raw materials. Common examples are the work of a plumber, electrician, technician, launderer, barber, shopkeeper, driver, cashier, teacher, doctor, lawyer and publisher, etc. The main difference between secondary activities and tertiary activities is that the expertise provided by services relies more heavily on specialised skills, experience and knowledge of the workers rather than on the production techniques, machinery and factory processes.Q. State one feature of the tertiary sector.

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The intangible outputs that encompass diversity of services is called:a)Quaternary activitiesb)Tertiary activitiesc)Secondary activitiesd)Primary activitiesCorrect answer is option 'B'. Can you explain this answer?

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