Actions done for others that do not produce a physical product are known as what?

The correct choice is services, as these are defined as actions performed for others that do not result in a tangible product. Services involve providing assistance, expertise, or conveniences to individuals or businesses. Examples include haircuts, medical care, teaching, and legal advice. These actions are focused on enhancing the well-being or productivity of the recipient rather than delivering a physical item.

Goods, on the other hand, are physical products that can be seen and touched, such as electronics, clothing, or food. Resources refer to inputs used in the production of goods and services, such as land, labor, and capital. Outputs are the final products or results arising from a business’s production processes, which can include both goods and services. Thus, services specifically highlight the non-physical nature of certain business activities.