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Difference between goods and services?

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Difference between goods and services?

Posted by Sachin Sharma 5 years, 2 months ago

CBSE > Class 11 > Business Studies

3 answers

Sachin Sharma 5 years, 2 months ago

Thanks

Sachin Sharma 5 years, 2 months ago

Thanks gaurav

Gaurav Seth 5 years, 2 months ago

<th>BASIS FOR COMPARISON</th> <th>GOODS</th> <th>SERVICES</th>

Meaning	Goods are the material items that can be seen, touched or felt and are ready for sale to the customers.	Services are amenities, facilities, benefits or help provided by other people.
Nature	Tangible	Intangible
Transfer of ownership	Yes	No

Separable

Yes, goods can be separated from the seller.

No, services cannot be separated from the service provider.

Storage

Goods can be stored for use in future or multiple use.

Services cannot be stored.

ANSWER

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