Which of the following characteristics differentiates a good from a service?
A) Price.
B) Perishability.
C) Availability.
D) Frequency of use.

Question

Which of the following characteristics differentiates a good from a service? 
A) Price. 
B) Perishability. 
C) Availability. 
D) Frequency of use.

Quizplus · Accepted Answer

Perishability is a characteristic that differentiates a good from a service. Goods are tangible and can be stored, while services are intangible and cannot be stored or inventoried. Perishability means that services cannot be saved or re-sold, which differentiates them from goods. Price, availability, and frequency of use are not defining characteristics of services.

Which of the Following Characteristics Differentiates a Good from a Service