Question

Write any three differences between goods and services.l​

Answer 1

Answer:

Goods are produced before they are consumed, while in case of services production and consumption happen at the same time

Goods can be stored in inventory while services cannot be stored for later use.

Quality assurance in goods is objective and is measurable, while the same for services is very subjective.

Answer 2

Answer:

1)Goods are the material items that the customers are ready to purchase for a price. Services are the amenities, benefits or facilities provided by the other persons. Goods are tangible items i.e. they can be seen or touched whereas services are intangible items.2) Goods are produced before they are consumed, while in case of services production and consumption happen at the same time. 3) Goods can be stored in inventory while services cannot be stored for later use. 4) Quality assurance in goods is objective and is measurable, while the same for services is very subjective.