Choose True or False.

Question

Services can be transferred whereas once a good is used it cannot be transferred.

With goods, there is lag time between manufacturing and consumption; with services, consumption is immediate.

answers true or faulse

Answer 1

The first statement is False. Services cannot be transferred in the same way goods can, as they are typically experienced at the time of delivery and cannot be owned or possessed like a physical good.

The second statement is True. Goods typically have a lag time between manufacturing and consumption, while services are consumed immediately at the time of delivery.