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
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