Define services and goods.
Answers
Answer:
SERVICES :
Services are performed exclusively for the different customers in a different way.
Services are all those economic activities that cannot be seen and touched so they are intangible. They do not have any physical construction. They can be felt and experienced. Services cannot be stored for the future consumption because they do not have any component of tangibility.
GOODS :
Goods are produced and are tangible with their visible physical construction capable of being seen and touched.Goods can be stored and retained for future consumption. Goods are expected to yield satisfaction or benefit to the buyer.
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Answer:
Answer:
SERVICES :
Services are performed exclusively for the different customers in a different way.
Services are all those economic activities that cannot be seen and touched so they are intangible. They do not have any physical construction. They can be felt and experienced. Services cannot be stored for the future consumption because they do not have any component of tangibility.
GOODS :
Goods are produced and are tangible with their visible physical construction capable of being seen and touched.Goods can be stored and retained for future consumption. Goods are expected to yield satisfaction or benefit to the buyer.
HOPE THIS ANSWER WILL HELP YOU…
Explanation: