Explain how services differ from tangible products

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Reference no: EM13901091

1. What is a tangible product?

2. What is a service? Explain how services differ from tangible products.

3. Identify the three cost elements that determine the cost of making a product (forexternal reporting).

4. How do the income statements of a manufacturing firm and a service firm differ?

Reference no: EM13901091

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