Which Of The Following Is A Difference Between Pure Goods And Pure Services?

Which of the following is an example of a pure service?

Pure service: This refers primarily to an intangible service.

For example, psychotherapy or massage..

Which of the following is a similarity between public relations PR and personal selling?

Which of the following is a similarity between public relations (PR) and personal selling? Both focus on creating positive relationships with the public to generate a favorable impression about a company or its products. … Both are members of the channel of distribution of products.

Which of the following best describes a positioning statement?

Which of the following best describes a positioning statement? It is a brief statement that articulates how a company wants a target market to envision its product relative to the competition.

Which of the following is a difference between business products and consumer products?

Which of the following is a difference between consumer products and business products? Consumer products are products that are purchased for personal consumption, whereas business products are products that are used either directly or indirectly to produce other products.

Which of the following best describes convenience products?

In the context of consumer product categories, which of the following best describes convenience products? They are the inexpensive goods and services that consumers buy frequently with limited consideration and analysis.

What are the characteristics of a pure public good?

A public good has two key characteristics: it is nonexcludable and nonrivalrous. Nonexcludable means that it is costly or impossible for one user to exclude others from using the good. Nonrivalrous means that when one person uses the good, it does not prevent others from using it.

What are the 4 types of goods?

If property rights are not well-defined, four different types of goods can exist: private goods, public goods, congestible goods, and club goods.

What are the types of services?

These 11 types of services are:Business services.Communication.Construction and engineering.Distribution.Education.Environment.Finance.Tourism.More items…•

What is an example of a service?

For example, a haircut is a service; you cannot transport or store a haircut. … Services are intangible by nature; there is no time gap between the provision and consumption of a service. You can neither store nor transfer them. Goods are tangible; there is a time gap between their production and consumption.

What is an example of a common good?

Some canonical examples of the common good in a modern liberal democracy include: the road system; public parks; police protection and public safety; courts and the judicial system; public schools; museums and cultural institutions; public transportation; civil liberties, such as the freedom of speech and the freedom …

What are the 2 types of services?

Types of Services – definitionServices are diversified in three groups; Business services, social services and personal services.Business services are the services used by businesses to conduct their business activities. … Social services are the services provided by NGO’s to pursue a certain set of social goals.More items…

What are pure goods?

Pure goods offer goods that act mostly as basic commodities. Core goods are physical objects that provide a service as they’re used. Pure services provide services that remain totally intangible, while core services provide a service with tangible aspects.

What is a pure public good example?

Examples of public goods include fresh air, knowledge, lighthouses, national defense, flood control systems, and street lighting. … Pure public goods are those that are perfectly non-rivalrous in consumption and non-excludable. Impure public goods are those that satisfy the two conditions to some extent, but not fully.

Which of the following is an example of a business product?

Business products on the other hand help companies create their own products or operate their business. Examples of business products include raw materials, equipment, component parts, supplies, and business services. Business software is used by companies to support key business functions.

What is an example of a service provider?

An organization that provides a network, storage or processing service. Examples are the telephone companies (see common carrier), Internet service providers (see ISP), application service providers (see ASP), storage service providers (see SSP) and content providers (see digital service provider and cable TV).