The physical products that a business offers are called ________.
A) goods
B) services
C) assets
D) devices
E) intangible

Question

Quizplus · Accepted Answer

Goods refer to physical products that a business offers, whereas services refer to intangible offerings such as expertise, skills, or labor. Assets encompass all resources owned by a business, including physical goods, but also extend to intangible assets such as patents or trademarks. Devices generally refer to electronic or mechanical tools used for specific purposes, and are not necessarily synonymous with physical products. Intangible refers to non-physical assets such as intellectual property or goodwill.

The Physical Products That a Business Offers Are Called ________