The basic difference between a good and a service is that a good

Business

2 answers:

d1i1m1o1n [39]3 years ago

8 0

Answer:

The basic difference between a good and a service is that a good is tangible while a service is intangible.

Explanation

Check the table attached to find an outline of the basic differences between a good and a service.

Download doc

Sidana [21]3 years ago

7 0

Answer:

is a tangible object that can be owned and stocked.

Explanation:

The main characteristics of services are:

Lack or ownership: services cannot be owned or stocked.
Intangibility: services do not have a physical shape.
Inseparability: services are produced and consumed at the same time.
Variability: services are not homogeneous and their quality might vary a lot.
Perishability: any service not provided today is lost by tomorrow.
User participation: consumers and producers must necessarily participate in the service process.

You might be interested in

A change in demand is represented by a ______ the demand curve while a change in quantity demanded is represented by a _______ t

Phoenix [80]

Answer: shift of; movement along

8 0

3 years ago

Business organizations depend on data and information to improve business processes and drive growth and profitability. Discuss

Vlad1618 [11]

1. if any company run their business digitally they can get update information about their business and get immediate decision
2. IS provide time consuming product supplying system
3. company seen customer comments in their site

4 0

3 years ago

What is one advantage corporations have over other types of businesses?

mote1985 [20]

Answer:D . Corporations have a nearly unlimited life span .

Explanation: just took apex test

3 0

4 years ago

Your friend is trying to decide what carreer to pursue after college but cannot make up his mind because he's confused by the nu

Verizon [17]

I'd advise him to take some time to think it through, so that he can make a sound decision. However, he shouldn't spend to much time trying to make up his mind ;he should be decisive and a risk taker.

3 0

4 years ago

True or False:

Lena [83]

Answer: True.

Explanation:

Here, the statement is related to the economic theory of demand, not with economic theory of supply. So, we are considering only law of demand.

The statement is true according to the economic theory of demand.

Economic theory of demand states that other things remains constant, increase in the price of a commodity results in lower demand for that commodity and vice versa. There is an inverse relationship between the price and demand of a commodity.

Economic theory of supply states that other things remains constant, increase in the price of a commodity results in higher supply for that commodity and vice versa. There is a direct relationship between the price and supply for a commodity.

8 0

3 years ago