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Difference between service and goods

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Difference between service and goods
  • 1 answers

Yogita Ingle 3 years, 6 months 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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