3(C) Flashcards

1
Q

Manufacturing business

A

Manufacturing businesses use resources and raw materials to produce a finished physical good.

  • capital intensive
  • low customer contact
  • tangible and can be stored
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Service business

A

Service businesses provide intangible products, usually with the use of specialised expertise.

  • labour intensive
  • high customer contect
  • intangible
How well did you know this?
1
Not at all
2
3
4
5
Perfectly