A contract for goods is about purchasing tangible items, such as apples. A contract for a services is about contracting for a service to be completed, such as tax preparation.
The difference between free and economic goods is the fact that, free goods don't cost us anything to be able to have and economic goods cost us to be able to get that service or good.
two or more producers are trying to sell the same goods and service to the same consumers
What could be seen as the difference is that the service industries are respondsible for d production of services for human both tangible and intangible service while production industries are responsible for invention of both goods and services to satisfy human unlimited wants
Cheese
Labor
The difference between intermediate goods and final goods is in their nature. Intermediate goods are finished goods which can be used to make other good like wool. The final goods are sold to consumers like a woolen coat.
The difference between free and economic goods is the fact that, free goods don't cost us anything to be able to have and economic goods cost us to be able to get that service or good.
A lump sum contract is an agreement to make a one time payment for goods and services as specified by the purchaser in the agreement. A turnkey contract is an agreement to deliver a completed ready to use service or project without any specifications made by the purchaser.
Services are for someone to do something, such as paint the house. Good are specific items, such as buying cans of paint.
Merchandisers sell goods produced by manufacturers while service companies do not make or sell goods.
A sale concludes with the delivery of the goods to the purchaser. If that has not yet been done, it is only an agreement which has yet to be completed (an executory contract).
Under UCC Article 2 it has to do with what's considered legal between two parties where a contract is concerned for goods and service. For example, if there isn't a written contract but goods are ordered and received, accepting the goods upon delivery creates a contract between the two interested parties.
There is no difference between the cost of goods sold and cost of sales. Both are same.What if Cost of Sales relates to a service rather than a "good"? Does that not signify a difference? For example a cost of sales for a service would contain no starting and finishing inventory component as is described in some texts as a way of calculating cost of goods sold.
Service Tax is levied by service organisation like hotels whereas sales tax is added to the cost of goods and collected when goods are sold. Both are collected by the Govt.
Retail company provides goods for you to buy... for example, clothing stores. Service company provides you a service... for example, a cable television provider.
The retail industry is exchanging money for goods while the service industy does not provide physical goods rather money for the service that the professional is providing, i.e. retail examples; store clerks, salesperson service examples; carpet cleaners, teachers
the color