Question

Which of the following statements regarding Service Industry is true?

• A. Service Industry uses less Capital Equipment
• B. Service Industry uses more Capital
• C. Service Industry uses no Capital Equipment
• D. Service Industry uses less Variable Factors

Answer 1

The correct option is A Service Industry uses less Capital Equipment

Service Industry uses less Capital Equipment- this statement is true regarding Service Industry. Service sector is also known as tertiary sector of the economy. This sector of economy is generally based on labour intensive technique.