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

Question

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

Quizplus · Accepted Answer

Simultaneity refers to the fact that services are typically produced and consumed at the same time, whereas goods can be produced and stored for later consumption. This is a characteristic that differentiates goods from services. Option A, B, and C are not characteristics that differentiate goods from services as they can all apply to both goods and services.

Which of the Following Characteristics Differentiates a Good from a Service