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When we talk about production, we generally mean manufacturing and assembly, which are ___ products. Regarding banking or retailing, production takes place when the service is actually provided or delivered to the customer, which are ___ products.Multiple choice question.service; providedphysical; serviceservice; physicalphysical; provided

Question

When we talk about production, we generally mean manufacturing and assembly, which are ___ products. Regarding banking or retailing, production takes place when the service is actually provided or delivered to the customer, which are ___ products.Multiple choice question.service; providedphysical; serviceservice; physicalphysical; provided

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Solution

The correct answer is "service; physical". In the context of manufacturing and assembly, these are physical products. In the context of banking or retailing, the service is the product, and production occurs when this service is delivered to the customer.

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