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Author Question: What are the main differences between products and services? In a short essay, explain the ... (Read 70 times)

kfurse

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on: Jul 7, 2018
What are the main differences between products and services? In a short essay, explain the difference between the two and provide three examples of each. Which sector has seen the greatest growth in international trade in recent years?
 
  What will be an ideal response?

Question 2

A democratic government seeks to control not only all economic and political matters but also the attitudes, values, and beliefs of the citizenry.
 
  Indicate whether the statement is true or false


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ambernicolefink

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Reply #1 on: Jul 7, 2018
Answer to Question 1

Products are defined as tangible merchandise, such as clothing, computers, and cars. Services, by contrast, are intangible deeds, performances, or efforts performed directly by people working in firms in the services sector. Some examples of services are creating advertising campaigns, underwriting mortgages, and managing restaurant operations. In recent years, services trade has been growing faster than products trade. International trade in services accounts for about one-quarter of all international trade and is growing rapidly.

Answer to Question 2

FALSE


kfurse

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Reply 2 on: Jul 7, 2018
Thanks for the timely response, appreciate it

aliotak

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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