Goods Vs Services

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Sep 13, 2009
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Even if goods and service speak together but there is difference between the two. In this sense, a goods is defined as a physical (tangible) product, capable of being delivered to a purchaser and involves the transfer of ownership from seller to customer, say an apple, as opposed to an (intangible) service, say a haircut. A more general term that preserves the distinction between goods and services is 'commodities,' like a flashlight. In microeconomics, a 'goods' is often used in this more inclusive sense of the word.

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Service, now that is a concept. I think one that is very much left to the wayside, to many people that work in goods forget that the service can out weigh the benefit of the goods in the customer experience.
 
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