Question

Which of the following is a similarity between goods and​ services? A. mass production B. consistency C. automation D. Both have quality standards. E. Both can usually be kept in inventory.

Answer 1

D. Both have quality standards.

Step-by-step explanation:

Gods are tangible, homogeneous, stored & ownership transferable material things, whose production & consumption occur at different point of times.

Services are intangible & immaterial, heterogeneous, that can't be stored or ownership transferred, whose production & consumption occur at same point of time.

Goods Eg: Clothes, Services eg : Teaching

Mass production can happen with more degree in goods & services, rather than services rendering. Consistency (homogeneity) & inventory stock (storage), as mentioned - are features more related to goods than services.

However, both goods & services have quality standards. Quality standards are requirements & specified characteristics denoting fitness of them to their real purpose.

Eg: Both clothes production & teaching service rendering have quality standards