Compared to a firm providing a service, a firm producing a good is more likely to have many ________ quality standards, ________ product, and a location ________ from customers.
A) subjective; tangible; far
B) subjective; intangible; far
C) objective; tangible; near
D) objective; tangible; far
E) objective; intangible; far

Question

Quizplus · Accepted Answer

A firm producing a good is more likely to have objective quality standards because the quality of the product can be measured and evaluated objectively. The product is also tangible and can be physically inspected, unlike a service which is intangible. As a result, a firm producing a good can be located far from their customers because the product can be shipped and does not need to be delivered in person.

Compared to a Firm Providing a Service, a Firm Producing