what is the difference between goods and product?

[EMMANUEL]

A product is an item offered for sale. A product can be a service or an item. It can be physical or in virtual or cyber form. Every product is made at a cost and each is sold at a price. The price that can be charged depends on the market, the quality, the marketing, and the segment that is targeted. Each product has a useful life after which it needs replacement and a life cycle after which it has to be re-invented.

 

[Chris]

Products and goods are used as synonyms in common parlance. However, a good is something that is tangible in contrast with the services which are intangible. ... Anything, whether good or service offered in the market is a Product. Goods may be consumer goods or Industrial Goods.

 

[EMMANUEL]

Products and goods are used as synonyms in common parlance. However, a good is something that is tangible in contrast with the services which are intangible. ... Anything, whether good or service offered in the market is a Product. Goods may be consumer goods or Industrial Goods.

absolutely

Post automatically merged: Jan 25, 2021

The terms ‘products’, ‘goods’ and ‘materials’ are sometimes used as if they are interchangeable, however, there are differences between them determined by what they are made of, how they are finished and whether they are offered for sale. Unfortunately these differences are sometimes rather vague and are not consistently applied.

Very broadly the difference between materials and products is that:

• Materials are raw, unprocessed substances such as sand, salt, and so on.
• Products are processed, finished items that are offered for sale. That is, they are manufactured combinations of materials and perhaps other products, processed to create items such as doors, windows, light fittings, and so on.

However, this deceptively clear difference becomes more complex when applied to composite materials (such as adhesives), to finished materials (such as processed timber), to unfinished products, and so on. For example, steel, whilst it has been processed, might be considered to be a material, whilst a steel beam, which is the same material but in a different form might be considered to be a product.

A slightly broader definition of materials as 'physical substances that things can be made from' excludes items such as doors and windows, but includes items such as processed timber, adhesives, concrete, and so on.

However, the distinction is confused further by unhelpful definitions such as that in Approved Document 7: materials and workmanship, which defines materials as; ‘manufactured products such as components, fittings, items of equipment and systems; naturally occurring materials such as stone, timber and thatch; and backfilling for excavations in connection with building work.’ This would appear to include all the tangible items used in construction works.

The term ‘goods’ refers more generically to possessions, or occasionally to merchandise that is sent by land (rather than by air or water). Other similar terms include ‘commodities’, and ‘supplies’.

 

[shakky2]

one common thing between both goods ane products is that both are for sale and the goal is for the realization of profits.both has to do with dealing with business.the difference between them is that product has to do with something produced and marketed as a commodity while goods deals with.the buying and selling of some items which can also.be render as a service

 

[Sotherefore]

I don't really understand the differences between the two and thank you for giving me a little bit of understanding but you have not not explain what a goods is from your writing as what I can see that you are only trying to explain the meaning of product but you don't explain goods.

 

[Nicklas22]

The word ‘goods’ is more common and popular than products, which is reserved to refer to the range of goods made by a company. Otherwise it is capital goods, consumer goods, fast moving consumer goods (FMCG), electronic goods, industrial goods, and so on.

Coming to the term product, have you ever heard of financial goods? No, there are only financial products just as there are petroleum products, and not petroleum goods. Again, there are nutrition products and healthcare products, and not healthcare goods

 

[Alogakho Esson]

Product is a iteam offer for sell and it can be food products or process product, industrial product, or agricultural product while goods is product that is prodce

 

[Adegbindin Abdullahi]

A goods is something that is tangible in contrast with services which is intangible,anything, whether goods or service offered in the market is a product. Goods may be consumer goods or industrial goods. Product and goods are used as synonyms in common parlance

 

[Adebayonle7]

Two similar and often used words in place of one another. When a company produces goods, they come for marketing and say they are there to introduce their company's products. When you're interested, you say you want them to supply you some goods. In each case, we can interchange and use these words and our sentences or rather our conversation will still be meaningful and understandable to each other. I see no much differences in them and I don't know if there is so much a need to be cracking up definitions now because that will profit us nothing.

 

[Rimsha kanwal]

In general, a product is defined as a “thing produced by labor or effort” or the “result of an act or a process. ” The word “product” stems from the verb “produce”, from the Latin prōdūce(re) “(to) lead or bring forth. ” Since 1575, the word “product” has referred to anything produced.

 

[Hasan Raza]

Products and goods are used as synonyms in common parlance. However, a good is something that is tangible in contrast with the services which are intangible. Anything, whether good or service offered in the market is a Product. Goods may be consumer goods or Industrial Goods.

Post automatically merged: Jan 28, 2021

Products and goods are used as synonyms in common parlance. However, a good is something that is tangible in contrast with the services which are intangible. Anything, whether good or service offered in the market is a Product. Goods may be consumer goods or Industrial Goods.

 

[Adetayo100]

A good is something that is tangible in contrast with the services which are intangible. Anything, whether good or service offered in the market is a Product. Goods may be consumer goods or Industrial Goods

 

[Donolatunji]

Items and products are utilized as equivalent words in like manner speech. Notwithstanding, a decent is something that is unmistakable conversely with the administrations which are theoretical. ... Anything, regardless of whether great or administration offered in the market is a Product. Merchandise might be shopper products or Industrial Goods.

Products and ventures are the yields offered by organizations to fulfill the requests of buyer and modern business sectors. They are separated based on four qualities: Tangibility: Goods are unmistakable items, for example, vehicles, apparel, and apparatus.

 

[kayode10]

Goods and products are used interchangeably most of the time. Good at something tangible that you can hold or feel. Good can either be a service too. Products is just something a company is bringing to the market. but in most of the case products and goods are used together and are synonymous.

 

[Planet408]

Goods are basically physical items which you can see and/or touch. Goods are mostly something you can sell and make some profits. Then, products can be reffered to as goods as well but not in all cases. There are products that can't be reffered as goods because they are not physical items in an open market. Some of those products are in form of an eBook which are not physical stuff.

 

[Dorcey]

Products are intangible and tangible things that is offered for sale. While goods are always tangible material offered for sale. Products also include serve.

 

[Kehinde]

Products and goods are used as synonyms in common parlance. However, a good is something that is tangible in contrast with the services which are intangible. ... Anything, whether good or service offered in the market is a Product. Goods may be consumer goods or Industrial Goods.

 

[Caali]

You can have a business with product, and you can have a business with goods and services together. First of all, goods is the same as product in some circles of business, but we sell products and services separately, (recommended) and in some businesses, (retail) we can sell goods and services together if relative.

 

[Haiqa umair]

Products and goods are used as synonyms in common parlance. However, a good is something that is tangible in contrast with the services which are intangible. ... Anything, whether good or service offered in the market is a Product. Goods may be consumer goods or Industrial Goods.

 

[Shigobad2020]

A product is a commodity offered for sale while a goods is a product which we produced to be traded, bought or sale