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 a photograph and even the most realistic painting—say, one of Courbet’s landscapes—is that in the latter there has been selection, emphasis and some discreet distortion. The painter’s deep instinctive feeling for mass and force has rearranged everything.”
—Gerald Branan (1894–1987)
“The difference between style and taste is never easy to define, but style tends to be centered on the social, and taste upon the individual. Style then works along axes of similarity to identify group membership, to relate to the social order; taste works within style to differentiate and construct the individual. Style speaks about social factors such as class, age, and other more flexible, less definable social formations; taste talks of the individual inflection of the social.”
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“Note, besides, that it is no more immoral to directly rob citizens than to slip indirect taxes into the price of goods that they cannot do without.”
—Albert Camus (1913–1960)
“O, the difference of man and man!
To thee a woman’s services are due.”
—William Shakespeare (1564–1616)