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As discussed in class, services differ from goods in several distinct ways. Which of the following is not one of these characteristics? Intangibility Inseparability Homogeneity Perishability

Question

As discussed in class, services differ from goods in several distinct ways. Which of the following is not one of these characteristics? Intangibility Inseparability Homogeneity Perishability

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Solution

The characteristic that does not belong to the ways in which services differ from goods is Homogeneity. Services are typically heterogeneous, not homogeneous. This means they can vary greatly, depending on who provides them and when and where they are provided.

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