Question

Prepare a list of capital goods used by a bicycle shop

Answer 1

A capital good is a durable good that is used in the production of goods or services.

A bicycle shop is a small business specializing in bicycle sale, parts, and maintenance. The expression distinguishes small bicycle shops from large chains.

The local bicycle shop is a key component of the bicycle industry and, in recognition of the value that local bike shops provide, some manufacturers only sell their bicycles through dealerships.

Apart from complete bicycles, a bicycle shop offers goods like clothing and other accessories like caps, goggles, gloves etc., spare parts and replacement parts, tools, and a variety of services like expert fitting, custom bike building or ordering, maintenance and repairs.