Goods are considered tangible, while services are considered intangible.

Name: Goods are considered tangible, while services are considered intangible.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Goods are physical products that can be touched and seen, such as clothing, furniture, or electronics. Services are activities or tasks performed by a person or a group of people for another person or group, such as haircuts, healthcare, or consulting. Because services are not physical products, they are considered intangible.

Goods Are Considered Tangible, While Services Are Considered Intangible