BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Services are inseparable from their production because they are typically produced and consumed simultaneously. This is not true of physical products, which are often consumed long after the product has been manufactured, inventoried, distributed, and placed in a retail store.

Detailed explanation-2: -Service is the simultaneous activity of production and consumption of being performed. This shows that production and consumption of services to be inseparable.

Detailed explanation-3: -Perishability: Because services are produced and consumed simultaneously, they cannot be inventoried.

Detailed explanation-4: -Goods implies the tangible commodity or product, which can be delivered to the customer. It involves the transfer of ownership and possession from seller to the buyer. On the other hand, services alludes to the intangible activities which are separately identifiable and provides satisfaction of wants.