what is the difference between goods and service? atleast 5 points.
please answer as soon as possible i am waiting now..!!!!
1. Goods are tangible but services are intangible.2. The ownership rights of goods are transferable, but there is no ownership involved in services.3. Once goods are produced, their quality remains uniform, but the qulality of service varies step to step (with the change in evironmental conditions)4. Goods may be perishable or non-perishable, but they can be stored for a long time. Serivices cant be stored for a long time and they are only perishable.5. Goods are produced using raw material, but services are not produced using raw material. They are automatically formed with the change in evironment.6. Services have ultimate and strong impact on demand for goods. But services have not ultimate effect on demand for goods, and if there is an impact, it will be negligible.