DIRECTIONS: Read and analyze the statements below about "Product or Service". Determine whether the statement is TRUE OR FALSE. Write TRUE if the statement is correct and write FALSE if otherwise. Write your answer in the space provided. 1. Products do not carry an element of service. 2. A service is the result of the application of skills and expertise towards an identified need. 3. A service isn't something you can try out before you pay for it. 4. All products are countable, touchable, and visible, a consumer can assess its durability by examining it. 5. Products are tangible and discernible items that the organization produces. 6. Products and services can both be perishable. 7. Service is associated with physical items. 8. A product is an offering that derives value from intangible elements. 9. A product may be capable of being reused for a certain time. 10. Service has no connection with the sale of products.