Apartment – Good or Service?

Let’s start by defining the difference between a good and a service:

Good: standardized for the masses

Service: customized for the individual

Is an apartment a good or a service?

Let’s think about goods and services a bit further. Goods are typically things that are kept in inventory while services are things that are delivered after they are ordered. Goods are things that you can touch and feel while services are intangible.

Is an apartment a good or a service?

What do you think?

Your pondering an apartment as a good or a service Multifamily Maniac,

M

Author: Mike Brewer

Out to put a dent in the multifamily universe. Love compelling conversation...