BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Physical products include durable goods (like cars, furniture, and computers) and nondurable goods (like food and beverages).

Detailed explanation-2: -Material goods are those which are tangible. They can be seen, touched and transferred from one place to another. For example, cars, shoes, cloth, machines, buildings, wheat, etc., are all material goods.

Detailed explanation-3: -Consumer goods are products used by consumers. Capital goods include items like buildings, machinery, and tools. Examples of consumer goods include food, appliances, clothing, and automobiles.

Detailed explanation-4: -Shopping Goods Shopping goods are commodities consumers typically spend more time researching and comparing before purchase. They can range from affordable items, like clothes and home decor, to higher-end goods like cars and houses.

Detailed explanation-5: -Cars and other vehicles that are used in the transportation industry are also capital goods because they are used to provide services for customers. The IRS classifies capital goods as tangible assets because of their physical nature.