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
Read more about this topic: Services Marketing
Famous quotes containing the words difference between, difference, goods and/or services:
“The only difference between a man and woman climbing the ladder of success is that a woman is expected to put it in the closet when she’s finished with it.”
—Barbara Dale (b. 1940)
“When a man’s partner is killed he’s supposed to do something about it. It doesn’t make any difference what you thought of him. He was your partner, and you’re supposed to do something about it.”
—Dashiell Hammett (1894–1961)
“A person far from home is not valued highly, but goods imported from afar are.”
—Chinese proverb.
“True love ennobles and dignifies the material labors of life; and homely services rendered for love’s sake have in them a poetry that is immortal.”
—Harriet Beecher Stowe (1811–1896)