MANAGEMENT

Detailed explanation-1: -Goods are tangible things that satisfy our wants (like boats, computers, cars, etc.), services are intangible things that satisfy our wants (like the services of an accountant, or a dentist, or a lawyer).

Detailed explanation-2: -A tangible product is a physical object that can be perceived by touch such as a building, vehicle, gadget, or clothing.

Detailed explanation-3: -Products are anything we use to satisfy needs and wants. Marketing experts divide it into two: goods and services. Goods represent tangible products. In business, products are goods or services that can be bought and sold.

Detailed explanation-4: -Consumer goods satisfy human wants directly.