Services: Service means a kind of activity done by an organization to earn income. Service is intangible in nature and cannot be touched. To receive a service, one has to pay the amount charged by the service provider. Example of services are, a service provided by doctor, accountant and teacher. Product: Product is the item that is offered for sale in ordinary course of business. A businessman earns money by selling the product demanded by the customers. Products are tangible in nature and customer has to pay an amount to purchase the product. A product may be durable or non durable. Durable products can be used for a long period, such as television, mobile phone whereas non durable product can be used only one time as there life is of very short period such as, milk, wheat, water, eatable products. To identify: Three actual businesses that offer services and three actual businesses that offer products.

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Answer 1

Question

Chapter 1, Problem 5DQ

To determine

Services: Service means a kind of activity done by an organization to earn income. Service is intangible in nature and cannot be touched. To receive a service, one has to pay the amount charged by the service provider. Example of services are, a service provided by doctor, accountant and teacher.

Product: Product is the item that is offered for sale in ordinary course of business. A businessman earns money by selling the product demanded by the customers. Products are tangible in nature and customer has to pay an amount to purchase the product. A product may be durable or non durable. Durable products can be used for a long period, such as television, mobile phone whereas non durable product can be used only one time as there life is of very short period such as, milk, wheat, water, eatable products.

To identify: Three actual businesses that offer services and three actual businesses that offer products.

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Answer 2

Question

Chapter 1, Problem 5DQ

To determine

Services: Service means a kind of activity done by an organization to earn income. Service is intangible in nature and cannot be touched. To receive a service, one has to pay the amount charged by the service provider. Example of services are, a service provided by doctor, accountant and teacher.

Product: Product is the item that is offered for sale in ordinary course of business. A businessman earns money by selling the product demanded by the customers. Products are tangible in nature and customer has to pay an amount to purchase the product. A product may be durable or non durable. Durable products can be used for a long period, such as television, mobile phone whereas non durable product can be used only one time as there life is of very short period such as, milk, wheat, water, eatable products.

To identify: Three actual businesses that offer services and three actual businesses that offer products.

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Answer 3

Question

Chapter 1, Problem 5DQ

To determine

Services: Service means a kind of activity done by an organization to earn income. Service is intangible in nature and cannot be touched. To receive a service, one has to pay the amount charged by the service provider. Example of services are, a service provided by doctor, accountant and teacher.

Product: Product is the item that is offered for sale in ordinary course of business. A businessman earns money by selling the product demanded by the customers. Products are tangible in nature and customer has to pay an amount to purchase the product. A product may be durable or non durable. Durable products can be used for a long period, such as television, mobile phone whereas non durable product can be used only one time as there life is of very short period such as, milk, wheat, water, eatable products.

To identify: Three actual businesses that offer services and three actual businesses that offer products.

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Answer 4

Question

Chapter 1, Problem 5DQ

To determine

Services: Service means a kind of activity done by an organization to earn income. Service is intangible in nature and cannot be touched. To receive a service, one has to pay the amount charged by the service provider. Example of services are, a service provided by doctor, accountant and teacher.

Product: Product is the item that is offered for sale in ordinary course of business. A businessman earns money by selling the product demanded by the customers. Products are tangible in nature and customer has to pay an amount to purchase the product. A product may be durable or non durable. Durable products can be used for a long period, such as television, mobile phone whereas non durable product can be used only one time as there life is of very short period such as, milk, wheat, water, eatable products.

To identify: Three actual businesses that offer services and three actual businesses that offer products.

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Answer 5

Chapter 1, Problem 5DQ

To determine

Services: Service means a kind of activity done by an organization to earn income. Service is intangible in nature and cannot be touched. To receive a service, one has to pay the amount charged by the service provider. Example of services are, a service provided by doctor, accountant and teacher.

Product: Product is the item that is offered for sale in ordinary course of business. A businessman earns money by selling the product demanded by the customers. Products are tangible in nature and customer has to pay an amount to purchase the product. A product may be durable or non durable. Durable products can be used for a long period, such as television, mobile phone whereas non durable product can be used only one time as there life is of very short period such as, milk, wheat, water, eatable products.

To identify: Three actual businesses that offer services and three actual businesses that offer products.

Answer 6

Chapter 1, Problem 5DQ

To determine

Services: Service means a kind of activity done by an organization to earn income. Service is intangible in nature and cannot be touched. To receive a service, one has to pay the amount charged by the service provider. Example of services are, a service provided by doctor, accountant and teacher.

Product: Product is the item that is offered for sale in ordinary course of business. A businessman earns money by selling the product demanded by the customers. Products are tangible in nature and customer has to pay an amount to purchase the product. A product may be durable or non durable. Durable products can be used for a long period, such as television, mobile phone whereas non durable product can be used only one time as there life is of very short period such as, milk, wheat, water, eatable products.

To identify: Three actual businesses that offer services and three actual businesses that offer products.

Answer 7

Chapter 1, Problem 5DQ

To determine

Services: Service means a kind of activity done by an organization to earn income. Service is intangible in nature and cannot be touched. To receive a service, one has to pay the amount charged by the service provider. Example of services are, a service provided by doctor, accountant and teacher.

Product: Product is the item that is offered for sale in ordinary course of business. A businessman earns money by selling the product demanded by the customers. Products are tangible in nature and customer has to pay an amount to purchase the product. A product may be durable or non durable. Durable products can be used for a long period, such as television, mobile phone whereas non durable product can be used only one time as there life is of very short period such as, milk, wheat, water, eatable products.

To identify: Three actual businesses that offer services and three actual businesses that offer products.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 1 - Prob. 1MCQ Ch. 1 - Prob. 2MCQ Ch. 1 - If the assets of a company increase by $100,000...Ch. 1 - Brunswick borrows $50,000 cash from Third National...Ch. 1 - Geek Squad performs services for a customer and...Ch. 1 - Prob. 1DQ Ch. 1 - Prob. 2DQ Ch. 1 - Identify four kinds of external users and describe...Ch. 1 - Prob. 4DQ Ch. 1 - Prob. 5DQ

Solution Summary: The author identifies three actual businesses that offer services, including Ernst & Young, Adidas, and Trivago.

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Chapter 1 Solutions