Which of the following is a characteristic of a service (i.e., not a product or good)?
Osually labor intensive
involves the transformation of raw materials
O easy to track and monitor qualities
can be easily stored for future use

Services are usually labor-intensive, relying heavily on human interaction and effort to deliver the experience. Think about the last time you visited a restaurant or a hair salon; the service provided was all about the skills and attentiveness of the staff, rather than a physical product being handed over!

Another fun fact is that services cannot be easily stored for future use. Once a service is rendered, like a massage or a concert, it’s gone – there’s no inventory to stock! Imagine trying to save a delicious meal for later; you’d have to rely on your memory of the experience rather than a takeaway box!