Author Question: What is the difference between a good and a service?[br][br][b][color=gray]Question ... (Read 217 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
What is the difference between a good and a service?

Question 2

The _____ clause of a contract defines all of the important terms contained within the contract and is important so everyone understands exactly what each term means.
 a. supply and delivery
 b. specifications, quality, and health, safety, environment
  c. scope of agreement
 d. force majeure
 e. definitions



carlsona147

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

Services often accompany goods, but they are also, by themselves, an increasingly important part of our economy, both domestically and internationally. One writer has contrasted services and products by stating that a good is an object, a device, a thing; a service is a deed, a performance, an effort. This definition captures the essence of the difference between goods and services. Services tend to be more intangible, personalized, and custom-made than goods. Services are also often marketed differently from goods. While goods are usually distributed to the customer, services can be transferred across borders or originated abroad.

Answer to Question 2

e



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

For a complete list of videos, visit our video library