What term describes intangible activities that businesses can carry out for customers?

What term describes intangible activities that businesses can carry out for customers?

• A. Service
• B. Entrepreneur
• C. Business
• D. Sleeping Partner

Answer: (A)

Intangible activities carried out for customers are called services. A service is something you experience or benefit from rather than a physical item you can touch, such as a haircut, banking advice, or a consulting session. This differentiates it from goods, which are tangible products. The other terms describe people or types of business arrangements rather than the activity itself: an entrepreneur is someone who starts and runs a business; a business is the organization that may provide services or goods; a sleeping partner is a partner who contributes capital but does not actively manage the business.

Intangible activities carried out for customers are called services. A service is something you experience or benefit from rather than a physical item you can touch, such as a haircut, banking advice, or a consulting session. This differentiates it from goods, which are tangible products. The other terms describe people or types of business arrangements rather than the activity itself: an entrepreneur is someone who starts and runs a business; a business is the organization that may provide services or goods; a sleeping partner is a partner who contributes capital but does not actively manage the business.