Goods generally refer to tangible products such as cereals, automobiles, and clothing, while services refer to intangible activities or benefits that individuals acquire, but that do not result in ownership.

Question

Quizplus · Accepted Answer

Goods are physical items that can be touched and owned, while services are activities or benefits that are intangible and do not result in ownership.

Goods Generally Refer to Tangible Products Such as Cereals, Automobiles