distinction between goods and services and answer the question which follows. 1) The time gap between the production and consumption of goods is explained by the fact that goods can be inventorised, whereas the time gap between the production and consumption of services is non-existent because services are typically difficult to inventorise. ii) Goods are manufactured using tangible processes involving high customer participation, while services are provided using intangible processes involving low customer participation 111) The provision of services requires the consideration of inventory management. The production of goods rarely considers inventory management iv) The transformation process for goods are less likely to be unique, given that there is a relatively high degree of standardisation. The transformation process for services is more likely to be unique because it is dependent on the level of skill of the service provider as well se each more in anotatione ule rever UI SKIH UI the as each customer's unique expectations. v) Manufacturing is primarily for goods, while production is focused principally on provision of service. Which one of the following options best reflects the clearest distinction between goods and services? Select one: A. iii and v B. iv only C. ii and iii D. i only E. i and iv