A product that is physical and tangible is refered to as a(n)
A)service
B)good
C)resource
D)commodity
E)asset

Question

Quizplus · Accepted Answer

A physical and tangible product is referred to as a good. Services refer to actions or performances provided by one party to another, resources are inputs used to produce goods and services, commodities are raw materials or primary agricultural products that can be bought and sold, and assets refer to any economic resource that can be owned or controlled to produce positive economic value.

A Product That Is Physical and Tangible Is Refered to as A(n)