A service is any intangible offering that involves a deed, performance, or effort that
A. is high-priced
B. cannot be physically possessed.
C. offers benefits but not costs is supported solely through advertising
D. can be transformed into a physical product
E. offers benefits but not costs.

cannot be physically possessed (B)

Explanation:

A service is a transaction where there is no transfer of physical goods from the seller to the buyer. Services are the action performed by an individual or firm for another person and are intangible in nature.

The satisfaction derived from a service are seen by the buyers willingness to pay for the service rendered to him or her. Public services are the services that the society pays for. Examples of services are car repair, haircuts, mail delivery, medical check-ups, and teaching.

the third answer is correct.