Service companies are in the business of converting raw materials to a form that is of far more value and use to the consumer than the original raw materials.

Name: Service companies are in the business of converting raw materials to a form that is of far more value and use to the consumer than the original raw materials.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Service companies primarily provide intangible products or services rather than converting raw materials into finished goods, which is typically the role of manufacturing companies.

Service Companies Are in the Business of Converting Raw Materials