These are tangible item manufactured by businesses. Such as laptops
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Goods are tangible items.
Explanation:
- Goods are manufactured by businesses or industries.
- They are visible and goods can be touched and stored.
- Example of tangible goods are laptops, books, jewellery, etc.
- Opposite to tangible items, services are the intangible.
- They can't be visible, touched and stored.
- Example of services are lawyers, doctors, car washes, etc.
- Both goods and services are basis for standard of living.
- Consumer satisfaction is most important in production of goods and providing services.
- Some goods are not considered as consumer goods, because they are used as raw material like copper, etc.
To Learn More...
1.What are tangible goods
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2.3 tangible goods produces by business firm
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