Tangible good with accompanying services


Read the given fictitious case and answer the questions that follow:

Insurance fraud is the second most prevalent crime in the United States (income tax fraud is the first). It is one of the fastest growing crime categories during economic downturns. This spells good news for TLS Service Bureau, Inc. The company has more than forty employees who help insurance companies root out fraud. It also investigates embezzlement, internal theft, and other white-collar crimes for a number of corporations. Thomas L. Santamorena founded the company in 1997, and in 2001 its annual revenues topped $1.5 million. When asked how his business looked in the future, Santamorena said, "They (the insurance companies) don't care if it costs $10,000 to investigate a $500 bogus claim. They want to send out the message that they won't tolerate insurance fraud."

1. Answer each on the following:

A. A pure tangible good
B. A tangible good with accompanying services
C. A hybrid
D. A pure service
E. A major service with accompanying minor goods and services

2. Based on the previous question, how would you classify TLS Service Bureau, Inc? Support your answer with a logical reason.

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Other Management: Tangible good with accompanying services
Reference No:- TGS01861621

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