Which of the following is an example of goods?
Answer and explanation
Correct answer: A pencil box
Goods are tangible products that can generally be seen, touched, stored, transferred, and owned by a customer. A pencil box is a physical product, so it is an example of goods. Haircutting, advice, and repair are activities performed by a person for a customer; their main output is a service rather than a physical product. Hence, option A is correct and the other three are service examples.
Frequently asked questions
What is the correct answer to this question?
A pencil box
Why is this the correct answer?
Goods are tangible products that can generally be seen, touched, stored, transferred, and owned by a customer. A pencil box is a physical product, so it is an example of goods. Haircutting, advice, and repair are activities performed by a person for a customer; their main output is a service rather than a physical product. Hence, option A is correct and the other three are service examples.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce. Topic: Classification of human activities.
