Understanding Goods and Services

Front

Which of the following is an example of a service rather than a good? A smartphone, A haircut, A book, A pair of shoes

Back

A haircut

Tags

DOK Level 2: Skill/Concept

Front

Which of the following best describes a good? Options: An activity performed for someone else, A tangible item that can be bought or sold, A promise to perform a task, A skill or expertise offered to others

Back

A tangible item that can be bought or sold

Tags

DOK Level 2: Skill/Concept

Front

Identify the service from the following list: A laptop, A concert ticket, A car wash, A loaf of bread

Back

A car wash

Tags

DOK Level 2: Skill/Concept

Front

Which of the following is a characteristic of a service? It can be stored for later use, It is intangible, It is a physical object, It can be returned if defective

Back

It is intangible

Tags

DOK Level 2: Skill/Concept

Front

Which of the following is an example of a good? Legal advice, A refrigerator, A music lesson, A taxi ride

Back

A refrigerator

Tags

DOK Level 2: Skill/Concept

Front

What is the primary difference between goods and services?

Back

Goods are tangible, services are intangible.

Tags

DOK Level 2: Skill/Concept

Front

Which of the following is a service industry? Automobile manufacturing, Software development, Agriculture, Retail clothing

Back

Software development

Tags

DOK Level 2: Skill/Concept

Front

Which of the following statements is true about goods? They are always consumed at the point of purchase, They can be physically touched and owned, They are always more expensive than services, They cannot be resold

Back

They can be physically touched and owned

Tags

DOK Level 2: Skill/Concept

Front

Which of the following is an example of a service that enhances a good? A warranty on a television, A new pair of shoes, A bottle of water, A book

Back

A warranty on a television

Tags

DOK Level 2: Skill/Concept

Front

Which of the following is a feature of services that distinguishes them from goods? They can be mass-produced, They are perishable and cannot be stored, They are always cheaper than goods, They are always produced in factories

Back

They are perishable and cannot be stored

Tags

DOK Level 2: Skill/Concept