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:
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