Management_5 Software Economy
- [ ] Exercise：explain goods and services in software scope in “what, how, for whom”
- [ ] Exercise: Economy as policy tool
Q1:
Goods are items that are tangible, such as pens, salt, apples, and hats. Services are activities provided by other people, who include doctors, lawn care workers, dentists, barbers, waiters, or online servers. Taken together, it is the production), distribution), and consumption) of goods and services which underpins all economic activity and trade. According to economic theory, consumption) of goods and services is assumed to provide utility (satisfaction) to the consumer or end-user, although businesses also consume goods and services in the course of producing other goods and services.#Channels_and_intermediaries)
Difference:
- ownership
- intangibility
- Involvement
- quality
- evaluation of service
- inventories are absent
- time is very important in services
