Question

Services are defined as

A) philanthropic activities performed without expectations of monetary remuneration.
B) the activities provided to complement a tangible good, such as technical support for a computer.
C) the intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.
D) any activity required to produce a good that cannot be completed "in-house" and must be outsourced to another firm.
E) the human (nonmechanical) component that is part of the manufacturing process.

Answer 1

services are defined as:

C) the intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.

Explanation:

A service is a intangible activity that is provided to persons in order to satisfy a need. It is the contrary to a product because a product is tangible and is manufactured. However, services are not manufactured but they are provided to each specific client.

Examples or services are: medical services, education, lawyers advisory, internet connection, counselling, telemarketing.