Discuss the differences between services and goods.

     The differences between services and goods.

Goods and services are different in nature. Different techniques must be employed in order to evaluate the two concepts.

Points of differences	Goods	Services
Definition	Goods are an entity that can be consumed by the consumer.	Services are defined as something that a person does for another.
Nature	Goods are tangible in nature.	Services tend to be intangible in nature.
Example	An example of goods is a book or food.	Fixing another person’s car or completing some handiwork in the house would be classed a service.
Produced and sold	Goods are first produced, then sold and then consumed.	Services are first sold, then produced and consumed simultaneously.
Homogenous vs. difference	Some goods are homogenous in nature and other goods are differentiated.	Services tend to be differentiated products.
Perishable vs imperishable	Goods are perishable in most cases.	Services are not perishable in nature.
Fluctuation of price	The price of the goods will fluctuate depending on the season.	This is not something that you have to worry about with services.