Both production and consumption of services occur at the same time.

Name: Both production and consumption of services occur at the same time.
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

Unlike goods, which are produced first and then consumed later, services are produced and consumed simultaneously. This is because services are intangible, meaning they cannot be stored or inventoried for later use. Examples of services include haircuts, medical consultations, and legal advice.

Both Production and Consumption of Services Occur at the Same