The creation of useful commodities or services is known as?
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A service is nothing but a commodity, to which value addition is done and can be differentiated. Another important difference between the same lies in pricing. While commodities are priced uniformly worldwide, the same cannot be said for services.
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Answer:
A service is nothing but a commodity, to which value addition is done and can be differentiated. Another important difference between the same lies in pricing. While commodities are priced uniformly worldwide, the same cannot be said for services.
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