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Question
In which of the following cases do production and consumption take place simultaneously?
In which of the following cases do production and consumption take place simultaneously?
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Solution
The correct option is A Attending a guitar class
Generally, services are consumed and produced simultaneously. In the case of a guitar class, tutoring is the act of production and learning is the art of consumption. Both happen simultaneously. In all other cases, there is a delay between production and consumption.
Generally, services are consumed and produced simultaneously. In the case of a guitar class, tutoring is the act of production and learning is the art of consumption. Both happen simultaneously. In all other cases, there is a delay between production and consumption.
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