What is a difference between goods and services?
A)Services are produced,but goods are performed.
B)Goods are intangible,but services are tangible.
C)Goods can be collected and stored,but services are perishable and unstorable.
D)Quality can be easily assessed for services,but not for goods.

Question

What is a difference between goods and services?
A)Services are produced,but goods are performed. 
B)Goods are intangible,but services are tangible. 
C)Goods can be collected and stored,but services are perishable and unstorable. 
D)Quality can be easily assessed for services,but not for goods.

Quizplus · Accepted Answer

Goods can be collected, stored, and sold later, while services are perishable and cannot be stored. For example, a loaf of bread can be stored for several days, but a haircut cannot. This is the main difference between goods and services.

What Is a Difference Between Goods and Services