Goods And Services Flashcards
1
Q
Consumer goods
A
Products that satisfy the consumer wants or needs
2
Q
Capital goods
A
Used to make other goods e.g. mixer/oven
3
Q
Semi finished goods
A
Goods used to manufacture goods
4
Q
Personal service
A
A service that is done for you (individually)
5
Q
Commercial service
A
A service that is done for many people at a time
6
Q
Examples of services
A
Getting your hair permed
Hiring someone to cut your lawn
7
Q
Examples of a good
A
When you purchase a birthday gift
You buy an ice cream from the ice cream truck
