Question
What are four characteristics that differentiate services from goods?
| Goods | Services |
| (i) Goods are tangible. They can be touched and seen. | (i) Services are intangible. |
| (ii) Goods can be stored. | (ii) Services cannot be stored. |
| (iii) In case of goods, transfer of ownership is possible. | (iii) In case of services, transfer of ownership is not possible. |
| (iv) Goods are separable from their producers. | (iv) Services cannot be separated from their providers. |
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