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What is goods and services

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What is goods and services

Posted by Palak Ojha 5 years, 5 months ago

CBSE > Class 11 > Business Studies

2 answers

Harsh Moral 5 years, 4 months ago

?️‍♂️?️‍♂️?️‍♀️????

Yogita Ingle 5 years, 5 months ago

Services are essentially intangible activities which are separately identifiable and provide
satisfaction of wants. We cannot kept it-in stock. Their purchase does not result in the ownership of anything physical. Services involve an interaction to he realised between the service provider and the consumer.
Goods are physical products capable of being delivered to a purchaser and involves the transfer of ownership from seller to customer. Goods also refer to commodities or items of all types, except ,
services, involved in trade or commerce.

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