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homogenous goods are similar in features, benefits and quality but are diferentiated based on price and availability. they are more difficult to find because the supplier is always trying to differentiate his product from the next similar product to win the consumer. examples could be sand or coal
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What is the difference between economic and free goods?
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.
What is the difference between inferior and normal goods?
Cheese
What is the difference between the revenue that a business gets for its goods and services and the cost of producing the goods and services?
Labor
What describes the difference between individual and public goods?
People cannot be excluded from using goods while they can be excluded from using individual goods.
Difference between public goods and private goods?
Public goods are non-excludable and non-rival in consumption whereas Private goods are excludable and rival in consumption.
Difference between expenditure on final goods and expenditure on intermediate goods?
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 revenue from sales and cost of goods sold?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
What are the difference between white goods and brown goods of LG?
the color
What is the difference between economic and free goods?
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.
What is difference between merit and mixed goods?
Yes
What is the difference between inferior and normal goods?
Cheese
What is the difference between transport and distribution?
With distribution the receiver of goods is the end user, whereas transport means goods can be moved to shippers as well.
What is the difference between cost of goods manufactured and cost of goods sold?
How do you calculate cost of goods sold for a manufacture company
What is the difference between the revenue that a business gets for its goods and services and the cost of producing the goods and services?
Labor
What is the difference between a delivery note and a goods received note?
j876uiy6
What describes the difference between individual and public goods?
People cannot be excluded from using goods while they can be excluded from using individual goods.
Write the difference between export and import?
Export is to send goods out of the country. Import is to bring goods into the country.
