Which of the following statements is TRUE of goods and services?
A) A variant is always a durable good with new features.
B) An automobile is a nondurable good.
C) Demand for goods is more difficult to predict than demand for services.
D) Normally, patents do not protect services.

Question

Quizplus · Accepted Answer

Patents are legal protections for intellectual property, and they are usually associated with goods rather than services. However, some services may be eligible for patents if they involve novel and non-obvious methods or processes.

Which of the Following Statements Is TRUE of Goods and Services