are tangible items that consumer desire or own

(a)  

Any items, materials and consumable substances which are sold to the consumers, companies and government agencies

(a)  

In Accounting, the things which are bought and sold by businesses are called (a)  

Characteristics of Goods:

they are capable of satisfying a large number of human desires

(a)  

Characteristics of Goods:

For example, milk is a scarce good because it is a limited product.

(a)  

Characteristics of Goods:

Goods can be transferred between individuals through purchase and sale

(a)  

Characteristics of Goods:

Goods are scarce because they are generally not in abundance, and thus almost always have unrelated value.

(a)  

Activities that benefit a company without supplying tangible products

(a)  

may comprise marketing, event planning, training, waste management and other types of non-tangible services that benefit the company.

(a)  

Characteristics of Services:

the services are always different from each other, there are never 2 identical services since the delivery of each service is carried out by a person or staff at specific places and times. By changing any of these aspects, the service offered changes.

(a)  

are intangibles and are defined as an activity provided by a service provider

(a)  

Characteristics of Services:

the services cannot be touched, but rather symbolize an action, process, or activity.

(a)  

you first need to consider if it is an existing product, one you are considering developing or one that you have made yourself. You should evaluate the following aspects of the product:

(a)  

How to evaluate goods?

How much does the product cost to make and/or sell?

• The product cost...to make.

• The product cost ...to buy.

• The cost of the product could be reduced by

(a)  

Characteristics of Services:

the services provided are not separated from the person receiving the service, but the process is simultaneous

(a)  

How to evaluate goods?

what does the product look  like

• The product appeared

• The product looked

• The appearance was good because.

• It could have been improved by

(a)  

How to evaluate goods?

What is the environmental impact of the product, it’s packaging, transportation and disposal?

• The impact the product makes on the environment could be reduced by using

(a)  

How to evaluate goods?

How is the product made, stored and used safely?

• The product was made safely by ...

• It could be improved by

(a)  

How to evaluate goods?

What is the size or weight of the product?

• The product measured...

• The product weighed...

• The products will/will not to fit into...

• It could be improved by...

(a)  

This term represents the ability to deploy and/or re- deploy resources in response to changes in contractual agreements which are initiated primarily by customers.

(a)  

How to evaluate goods?

Who is the product aimed and does it meet the needs of the target market?

·         The product is aimed at ...

·         The product could be made more suitable for the target market by ...

(a)  

How to evaluate goods?

What is the product supposed to do and what should it be used for?

• The product is/is not able to (a)  

• The product is/is not suitable for

Low defect rate, product performance reliability, certification and environmental concern

(a)  

The ability to manage effectively production cost, including its related aspects such as overhead and inventory, and value-added.

(a)  

are defined as the dimensions that a firm’s production system must possess to support the demands of the markets in which the firm wishes to compete [24]. Reference [25] identifies six criteria which act as competitive priorities: quality, cost, delivery, flexibility, customer focus and know-how.

(a)  

which is considered a time-based issue. (a)   addresses how quickly a product or a service is delivered to customers. It also incorporates the time-to- market for a new product

It includes after-sale services, product customization, product support, customer information and dependable promise.

(a)  

How to evaluate goods?

What materials is the product made from?

• The product contains (a)  

• The product is made from...

• It might be better it is was made from...

This concentrates on how to fulfill customers’ needs.

(a)  

Therefore, knowledge management, creativity and skills development are included.

(a)  

This deals with the trend of decreasing product lifecycles.

(a)  

It includes several features, such as adjustment to design/planning, volume changes and product variety.

(a)