Q. 14.2( 9 Votes )

Define services a

Answer :

A service is an economic activity that is intangible and implies an interaction between the service provider and the consumer. They are separately identifiable, and intangible activities that provide the satisfaction of wants, and are not necessarily linked to the sale of a product or another service.

A good is a physical product capable of being delivered to a purchaser and involves the transfer of ownership from the seller to the customer. They are also called commodities or items of all types, except services, involved in trade or commerce.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

Define services aNCERT - Business Studies

CWC stands for___NCERT - Business Studies

Identify a list oNCERT - Business Studies

What are the servNCERT - Business Studies