Question

Out of the following, which are the characteristics of a good.
(a) Goods can be seen or touched
(b) Goods cannot be transferred
(c) There is no time gap between the production and consumption of goods

Answer 1

Explanation:

there is not any correct option because there is lot of difference between good and goods

Answer 2

Answer:

Goods can be 'seen or touched' is the good characteristics of a good in the given options.

Explanation:

• A Goods means the product or tangible commodity that can be supplied to the client.
• It includes transferring ownership and possession to the buyer from the vendor.
• Services, on the other side, allude to the intangible operations that are individually recognizable and satisfy desires.
• Goods are materials that fulfill human needs and, for instance, make a purchase of a satisfactory product useful to a customer.
• A good may be a consumable item that is helpful to humans but is scarce in relation to their demand, so that it requires human effort to acquire it.