Identify a difference between goods and services.
A) Goods can be stored as physical inventory, whereas services cannot be stored as physical inventory.
B) Goods-producing firms rely solely on soft technology, whereas service-providing firms rely solely on hard technology.
C) The demand for goods cannot be predicted, whereas the demand for services can be easily predicted.
D) Customers directly participate in goods-producing activities, whereas customers do not participate in service-providing activities.

Question

Quizplus · Accepted Answer

Goods are physical items that can be stored as inventory, such as clothing, electronics, and furniture. Services, on the other hand, cannot be stored as physical inventory because they are intangible, such as consulting, education, and healthcare.

Identify a Difference Between Goods and Services