Question

It is a type of business in which intangible products are provided.
i. Service
ii. Merchandizing
iii. Manufacturing
iv. Hybrid​

Answer 1

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A service type of business provides intangible products (products with no physical form). Service type firms offer professional skills, expertise, advice, and other similar products. Examples of service businesses are: salons, repair shops, schools, banks, accounting firms, and law firms....

Answer 2

Option 1 (Services) is the correct answer.

• A service is a transaction in which the seller does not deliver physical goods to the buyer. The buyer's willingness to make the deal is considered to indicate the benefits of such a service. Services are activities or performances by which a service provider gives value to the consumer.
• Merchandising is any practice that contributes to the imaginative display of products to a retail consumer in order to increase product sales.
• Manufacturing is the process of creating or producing items using production factors.
• Hybrid businesses are those that can be categorised as several different types of businesses.
• As a result, only Services entail the exchange of intangible goods.