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an economic PRODUCT which is produced to meet some personal or business demand. Goods which are purchased by individuals are called consumer goods or final goods, while goods purchased by businesses are referred to variously as producer goods, capital goods, industrial goods or intermediate goods.

Some consumer goods (nondurables), such as bread and toothpaste, are used up immediately or within days of purchase, while others, referred to as consumer durables, such as cars, washing machines and televisions, are ‘consumed’ over a time scale often running into several years and are often considered to constitute part of an individual's personal assets or wealth.

Producer goods are items which are purchased by manufacturers, etc. to be used as factor inputs in producing other goods or services. They too may be used up in the short term (for example nuts and bolts, engines, etc.) as the production cycle repeats itself, or they may constitute the firm's stock of longer-lasting (durable) fixed capital assets such as plants, equipment and machinery The provision of goods (for example, a motor car, a perfume etc.) involve a number of characteristics which set them apart from the provision of a SERVICE (for example, window cleaning), in particular tangibility - the ability of a customer to see, touch, taste or smell the good, and separability - the fact that goods are typically produced and consumed at different points in time and thus can be stored. See MARKETING.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
The seller agrees to deliver the goods alongside the vessel at the port of shipment ready for loading onto the overseas vessel; or until loaded onto lighters if customary to the port.
"We want people who want the ball and want to stick it in the net and hopefully now James will deliver the goods when we get him as fit as we possibly can.
This will allow UPG to buy raw materials and sell finished goods at lower cost from within the zone than from its other plants, and they will be able to deliver the goods to the customer faster, saving time and shipping or inventory costs.
Yes, when it comes to simulating a live-music environment with classical and some acoustic-jazz materials it is likely that good home DSP ambiance synthesizing hardware, working with good stereo CD source materials, will be able to deliver the goods as well as nearly any good SACD (or DVD-A) recordings.
Then they place an order from a legitimate retailer to deliver the goods to the customer.
``I just hope that we can deliver the goods for them because to go through the season and have won nine games like we have done, and play as well as we have done, we certainly deserve it.''
The most ballyhooed factoid in the widely covered report, available online at, certainly seemed to deliver the goods; CASA declared that zit-faced lushes between the ages of 12 and 20 consume a whopping 25 percent of all alcohol sold in this sweet land of libertines.
Under a shipment contract, the duties of the seller are to deliver the goods to the carrier, make a reasonable contract of shipment, notify the buyer and send any required documents.
Pallet specifications are summarized on a fact sheet, The importance of pallet specifications, by the NWPCA as part of their Deliver the goods industry promotion program.
A new survey involving Warwickshire trading standards, along with their counterparts in Oxfordshire and Shropshire, revealed the internet can be hit and miss, with some retailers failing to deliver the goods promised.
"From there we deliver [the cargo] to its final destination," says Joao Carlos Rosas, head of the intermodal unit at America Latina Logistics, promising to deliver the goods in four days.