Goods and Services

A (a)   is a tangible item we pay for to satisfy our needs and wants.

A T.V and cellphone is an example of what type of good?

• Capital goods

• Consumer goods

• Semi-finished goods

Which goods are NOT used for personal needs and wants?

• Semi-finished Goods

• Consumer Goods

• Capital Goods

What goods are sold DIRECTLY to the final consumer?

• Capital Goods

• Semi-finished goods

• Consumer Goods

(a)   goods are goods that on their own have little use

Machinery is an example of which type of good?

• Capital goods

• Semi-finished goods

• Consumer goods

A motorcycle company outsourcing a chain manufacturer for their bikes is an example of what type of good?

• Semi-finished good

• Capital goods

• Consumer Goods

(a)   are usually intangible (cannot see, touch or feel)

NETFLIX is an example of what type of service?

• Community

• Personal

• Commercial

(a)   services are used in producing and delivering final goods