Difference Between Goods and Services
Given below are the fundamental differences between physical goods and services: Goods Services A physical commodity A process or activity Tangible Intangible Homogeneous Heterogeneous Production and distribution are separation from their consumption Production, distribution and consumption are simultaneous processes Can be stored Cannot be stored Transfer of ownership is possible Transfer of ownership is not possible
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Famous quotes containing the words difference between, difference, goods and/or services:
“The difference between guilt and shame is very clear—in theory. We feel guilty for what we do. We feel shame for what we are. A person feels guilt because he did something wrong. A person feels shame because he is something wrong. We may feel guilty because we lied to our mother. We may feel shame because we are not the person our mother wanted us to be.”
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“Most Men are Cowards, all Men should be Knaves.
The Difference lies, as far as I can see,
Not in the thing it self, but the degree;”
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“What is a man if he is not a thief who openly charges as much as he can for the goods he sells?”
—Mohandas K. Gandhi (1869–1948)
“Those services which the community will most readily pay for, it is most disagreeable to render.”
—Henry David Thoreau (1817–1862)