Get premium membership and access questions with answers, video lessons as well as revision papers.

Outline four differences between a good and a service.

      

Outline four differences between a good and a service.

  

Answers


Davis
A good
-Goods are tangible Intangible
-Quality can be standardized Quality varies
-Goods can be stored Services cannot be stored
-Goods can be separated from owner/provider

A Service
-Services cannot be separated from owner/
provider
-Goods paid for ownership Services paid for experience
-Not always perishable Always/ highly perishable
Githiari answered the question on September 22, 2017 at 21:43


Next: State four ways that may be used to control the amount of money in circulation by the central Bank of Kenya
Previous: Highlight four factors that could influence mobility of capital as a factor of production

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions