Question

One primary difference between services and the production of goods is that services are consumed _____ whereas goods can be ____. a. one at a time; consumed more than one at a time b. immediately; stored c. intangible; tangible or intangible d. later; consumed now e. as they are produced; special ordered

Answer 1

Answer:

B. Immediately; stored

Explanation:

One primary difference between services and the production of goods is that services are consumed immediately whereas goods can be stored.

There are several differences in production and consumption of goods and services:

• Goods are Tangible as it can be touched, however, services are intangible as it cannot touched but it can realized.
• Goods can be stored for later use, however, services cannot be stored but need to be consumed immediately on real time.
• Goods can be weighed and measured on scale, however, services can  evaluated on basis of satisfaction level.