Question

The articles purchased, sold or produced by a businessman​

Answer 1

The articles that are purchased, sold or produced are known as goods, sales and manufactured goods.

• All these terms account for trade.
• Goods can be raw materials or finished products.
• When goods or articles are sold, they are termed as sales.
• And if the goods remain unsold, then the term used in stock.
• Manufactured goods are the articles that are being manufactured under the businessman himself.