Difference Between Goods and Services Dissertation

BUSINESSES MANAGEMENT

Assignment 1

GOODS, THEIR TYPES AND DIFFERENCIATION

Submitted to: Mr. Tahir Aziz Khan

Prepared by: Muhammad Adeel Khan

CIIT/FA09-MBA-069/LHR

Awais Ahmad

CIIT/FA09-MBA-027/LHR

Najm-ul-Hassan

CIIT/FA09-MBA-112/LHR

Sabahat Abid

CIIT/FA09-MBA-130/LHR

Ghulam Asghar

CIIT/FA09-MBA-039/LHR

Submitted on: 29th Sept. 2010 2010

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COMSATS Start of Information Technology

Defense Road, Off Raiwind Road, Lahore.

PRODUCTS

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:

http://www.differencebetween.net/business/difference-between-goods-and-services/

http://www.indiastudychannel.com/resources/59103-An-Elaboration-Difference-between-Goods.aspx

http://www.scribd.com/doc/17342628/Difference-in-Goods-and-Services-wwwmanagementsourceblogspotcom

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SERVICES

MERCHANDISE

PRODUCTS

(MARKET OFFERINGS)



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