What is the difference between a specialty good and a specialty service?
A) A specialty service is an intangible item.
B) A specialty good costs more than a specialty service.
C) A specialty service is often compared to other services before purchase.
D) A specialty good can be compared to other items using the Internet.
E) A specialty service is purchased regularly.

Question

Quizplus · Accepted Answer

A)Specialty goods (such as wedding gowns)and specialty services (such as catering for wedding receptions or healthcare insurance)are extremely important and expensive purchases. Consumers usually decide on precisely what they want and will accept no substitutes. They often go from source to source, sometimes spending a great deal of money and time to get a specific product.

What Is the Difference Between a Specialty Good and a Specialty