Difference Between Goods and Services Dissertation


Assignment 1


Submitted to: Mr. Tahir Aziz Khan

Prepared by: Muhammad Adeel Khan


Awais Ahmad




Sabahat Abid


Ghulam Asghar


Submitted on: 29th Sept. 2010 2010


COMSATS Start of Information Technology

Defense Road, Off Raiwind Road, Lahore.


Anything offered to market intended for the Customers in order to satisfy the requirements & Wishes, is called Item. In fact , the products offered to market are called Marketplace Offerings. They are also called Item Offerings. These products can be offered to market in a set or maybe a bundle too.

Types of goods

A company or an organization will offer two types of products to the consumers: -

1) Goods

Something that can be wanted to a market for attention, purchase, use or perhaps consumption that may satisfy card holder's / customer's need or perhaps want is referred to as Good.

2) Services

Any activity or benefit the particular one party may offer to another that is essentially intangible and does not make ownership of anything, is named Service.

Difference between Items & Companies

There are various variations between services and goods but they can be classified on such basis as the following mind:

1) On the basis of Characteristics

2) On the basis of Offering

1)On the basis of Attributes

The goods and services, on such basis as characteristics they have, can be differentiated for many items. Some of them receive here in the table as under.

Table 1: Difference between Services and goods on the basis of Features

|POINTS OF DIFFERENCE |GOODS |SERVICES | |PHYSICAL LIFESTYLE |Goods have physical lifestyle and they can be |Services have not any physical existence and so they | | |touched, smelled or seen. |can't be touched, smelled or viewed. | | |Examples: Cleansing soap, Shirt, Cell phone |Examples: Teaching, Managing, Vocal singing | |STORING |Goods may be perishable or non-perishable |Services are only perishable products. They can't be| | |depending on the circumstances. Although perishable |stored for a much longer period of time. Mainly because they | | |goods still could be stored for the longer length of |vary with environment. | | |time. |Examples: Vocal, Teaching and Managing can not be | | |Examples: Vegetables, Tools and Leather can be |stored. | | |stored. | | |QUALITY |Once produced, the standard of the Goods remains |The top quality of the Assistance varies together with the change in| | |uniform. Their quality can't be altered after they|environment. Once learned, its quality improves | | |have been made. |with the passage of your energy and with the enhancements made on the | |...

Links: The above task is made by visiting the following backlinks and choosing ideas from their store:










 international payment in viettinbank Essay

international payment in viettinbank Essay

VietinBank, founded in 1988 based on the separation from Vietnam Bank, is one of the biggest 4 industrial banks in Vietnam, who have plays a significant role in banking sector.…...

 Herborist: Advertising Skin Care Products Composition

Herborist: Advertising Skin Care Products Composition

PROMOTION The objectives of Herborist promo are to improve the new Herborist product recognition, increase quantity of sales, pull customers, improve product identification and company identity. Hopefully, promotions may also…...

 Big Reddish colored Essay

Big Reddish colored Essay

Tanner Drews ENGL 1213 Drive 21, 2013 Big Reddish colored When the springtime comes we start going outside and enjoying the pretty weather. Early…...

 Genetic Code Research Daily news

Genetic Code Research Daily news

Innate Testing After watching the video on Genetic testing, it tells you how much technology provides improved season by yr. Genetic assessment may be useful in identifying…...

 Essay regarding Nandoos Stp forex

Essay regarding Nandoos Stp forex

Nando's Marketing Strategy: Elliot Gleave > E. G > Case Email ThisBlogThis! Share to TwitterShare to Facebook Cusine Cult Increasing How Nando's Cultured Celeb Endorsement and Subliminal Resonant…...

 Chem Lab 1 Statement Essay

Chem Lab 1 Statement Essay

Cydney Kessler Date of Test: 6/9/15 Survey Submitted: Summer 10, 2015 Title: Observations of Chemical substance and Physical Changes Goal: the purpose of this…...