Classification_of_Goods (1) by unknown.pptx

About classification of goods

1. Classification of Goods A Detailed Overview

2. Introduction to Goods Goods refer to tangible items that satisfy human wants and needs. They are classified based on different criteria such as usage, tangibility, and durability.

3. Classification by Tangibility 1. Tangible Goods: Physical items like cars, furniture, and clothing. 2. Intangible Goods: Non-physical items like software, patents, and copyrights.

4. Classification by Usage 1. Consumer Goods: Goods used by the end consumer (e.g., food, clothing). 2. Industrial Goods: Goods used in the production process (e.g., machinery, tools).

5. Consumer Goods 1. Convenience Goods: Frequently purchased items like groceries. 2. Shopping Goods: Items compared for quality and price, like electronics. 3. Specialty Goods: Unique items with specific brands, like luxury cars.

6. Industrial Goods 1. Raw Materials: Basic materials like cotton and iron ore. 2. Capital Goods: Tools and machinery used in production. 3. Supplies and Services: Items like lubricants and maintenance services.

7. Classification by Durability 1. Durable Goods: Long-lasting items like furniture and vehicles. 2. Non-Durable Goods: Consumables like food and beverages. 3. Perishable Goods: Items with a short shelf life like dairy products.

8. Economic Goods vs. Free Goods 1. Economic Goods: Scarce resources requiring effort to obtain, like gold. 2. Free Goods: Abundant resources like air and sunlight.

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