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Difference between service and goods

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Difference between service and goods

Posted by Priyanshu Trivedi 4 years, 1 month ago

CBSE > Class 11 > Business Studies

1 answers

Yogita Ingle 4 years, 1 month ago

Basis of Comparison	Goods	Services
Nature	Tangible	Intangible
Transfer of Ownership	Possible	Not Possible
Separable	Goods can be separated from the seller	Services cannot be separated from the service provider
Storage	Goods can be stored	Services cannot be stored
Perishable	Not all goods are perishable	Services are perishable
Production and Consumption	Goods have a significant time gap between production and consumption	Services are produced and consumed together

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