Hypernyms (Tudor is a kind of...): ruler; swayer (a person who rules or commands) Holonyms (Tudor is a member of...): House of Tudor; Tudor (an English dynasty descended from Henry Tudor; Tudor monarchs ruled from Henry VII to Elizabeth I (from 1485 to 1603)) â¢ TUDOR (adjective)
A good is defined as something tangible, whereas a service is always intangible such as a lawyerâs advice or maintenance of your computer by a professional. However, it is common to talk about products of a company, and we refer to the product line of a company when describing the goods and services offered by it.For most of us, goods and products are synonyms to be used interchangeably. Let us take a closer look.owever, it is common to talk about products of a company, and we refer to the product line of a company when describing the goods and services offered by it. For most of us, goods and products are synonyms to be used interchangeably. Let us take a closer look.
It is important now to move on to discuss why these differences between goods and services exist in the first place. As has already been noted above, the major difference between goods and services is the fact that goods are tangible products whereas services tend to be intangible in nature. The differences between the two concepts is clearly illustrated by the example of the Concept Development Corporation.