Self-Instruct
Goods are physical items or products that can be bought and sold. They are tangible and can be seen, touched, and smelled. Examples of goods include food, clothing, furniture, and electronics.
Services, on the other hand, are intangible activities or actions that are performed for another person or entity. Services are not physical and cannot be seen, touched, or smelled. Examples of services include accounting, consulting, education, and transportation.
Goods are products that are produced, stored, and transported to a customer. Services, on the other hand, are activities or actions that are provided to a customer. Goods are tangible, meaning they can be seen, touched, and smelled, while services are intangible and cannot be seen, touched, or smelled.
Goods are typically produced in batches, meaning they are produced in large quantities and stored in warehouses until they are sold. Services, however, are usually provided on an individual basis.
Goods are usually purchased with money, while services are usually purchased with time. Goods are usually exchanged for money, while services are usually exchanged for time.
Goods are usually produced with the intention of being sold for a profit, while services are usually provided with the intention of helping someone else. Goods are usually sold in stores, while services are usually provided in person.
Goods are usually produced to last a long time, while services are usually provided to meet a short-term need. Goods are usually produced to be used by the customer, while services are usually provided to be used by the customer.
In summary, goods are physical items or products that can be bought and sold, while services are intangible activities or actions that are performed for another person or entity. Goods are tangible, produced in batches, purchased with money, and produced with the intention of being sold for a profit. Services are intangible, provided on an individual basis, purchased with time, and provided with the intention of helping someone else.