Question

“A service is rented rather than owned.” Explain what this statement means, and use examples
to support your explanation.

Answer 1

Answer:

Yes, the statement is very true a service is rented rather than owned . The details of this question we will see in the explanation part.

Explanation:

We have one statement which said that a service is rented rather than owned. So, we are agree with this statement because services are of many types so we take services a particular time and after using these services we discontinued the services. So, in this way if we see then we are only renting the services because we are using it and in return of that we are giving money for that but we are not the owner of those services. Now for the better understanding we will see the examples of this. Suppose we have rented goods so we just have temporary right to use physical goods like boat, fancy clothes etc. Now the another example would be if we rented some space like office building then we have temporary right to use that space, we do not become the owner of that space.

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