1. Which is NOT true regarding differences between goods and services? Most goods are common to many customers; services are often unique to the final customer. Tangible goods are generally produced and consumed simultaneously; services are not. Services tend to have higher customer interaction than goods. Services tend to have a more inconsistent product definition than goods. None, i.e., all of these are true.

Answer

Tangible goods are generally produced and consumed simultaneously; services are not.

Explanation

Tangible goods are generally produced and consumed simultaneously; services are not. - This statement is not true,

Tangible goods can be stored after production. Services are produced and consumed simultaneously. For a tangible good, the production begins early before there is any contact with the customer, packaged and transported to the customer. A service is provided to the customers as it is produced.