Managerial Economicsbasic
A haircut is an example of a service, even though the result can be seen.
Answer
true
Explanation
### Why this is right
The haircut is the result of an activity performed by a barber or hairdresser. The service is the activity provided, rather than a separate physical good sold to the customer.
### The concept
Services are generally intangible, meaning they are not physical objects that can be held and weighed like goods. A service can still create a visible result or involve a tangible setting. The course also treats a restaurant’s service and customer experience as parts of the service offering.
### Remember
A visible result does not turn the service itself into a physical good.
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