What are the major differences between goods production operations and service operation?

Answer 1

One of the most basic ideas in economics is goods and services. More than anything else, money is spent on goods and services. It helps to know the difference between two. A good is something that you can use or consume, like food or CDs or books or a car or clothes. You buy a good with the idea that you will use it, either just once or over and over again. A service is something that someone does for you, like give you a haircut or fix you dinner or even teach you social studies. You don't really get something solid, like a book or a CD, but you do get something that you need. The basic difference is that a good is something you can hold in your hand (unless it's something big, like a car or a house). Now, a service can also contain a good. Someone who fixes you dinner gives you food, which was bought. In this example, the food is the good and the person's fixing it for you is the service. In the same way, your teacher gives you a service by teaching you social studies. He or she also gives you a good by giving you a textbook. Your teacher teaching you social studies is a good example of a service that you personally don't pay for. (Your family might pay for it, but you don't.) And not all services are economic, either. A service can be as simple as reading a book to someone. This kind of activity doesn't cost anything, but it is something that one person did for another. A good doesn't have to cost anything, either. If you give your friend a book or a CD, then you given that friend a good, since we have already defined books and CDs as goods. Your friend didn't give you any money for the good. But you didn't really do something for your friend, either; you just gave your friend something he or she could hold or touch. Remember, the one thing that sets goods and services apart is the ability to touch them. You can touch a good, but you can't touch a service. You can touch the result of a service but not the service itself. ankush raina This answer outlines the difference between a good and a service but the question was not that. The question is around the differences in goods production operations and in service operations. The correct answer would include the following differences; services are more intangible, more customized and less storable. Quality control is handled much differently, service operations require different skills and there is a greater customer service link with services.

Answer 2

The main Difference between the two is how quickly the product is used or consumed by the customer. Services are consumed or used immediately. Like in a restaurant when you order a meal it is not placed in inventory instead it is consumed immediately.