What Is a Difference Between Goods and Services

question 14

Multiple Choice

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.

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Definitions:

Permanence

The state or quality of lasting or remaining unchanged indefinitely.

Social Exchange Theory

A theoretical perspective that explains social change and stability as a process of negotiated exchanges between parties.

Nonverbal Communication

is the transmission of messages or signals through a non-linguistic means, such as facial expressions, body language, and gestures.

Social Behaviors

Actions that individuals take within and towards groups, often governed by social norms and influenced by the presence of others.