Goods and Services By: Ms. Steele
Goods and Services
Feb 15, 2016
Goods and Services. By: Ms. Steele. What are goods?. Goods are products or things a business sells to YOU, the customer or consumer!. What are services?. Services are activities provided for you by business people, usually for money!. All businesses provide either goods or services!. - PowerPoint PPT Presentation
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Goods and Services
By: Ms. Steele
What are goods?
• Goods are products or things a business sells to YOU, the customer or consumer!
What are services?
• Services are activities provided for you by business people, usually for money!
All businesses provide either goods or services!
• Businesses that provide goods to you sell you things!
• Businesses that provide services to you do things for you!
A farmer…
• grows crops/food for you to eat! So…his business provides you with goods!
A teacher…
• teaches you and, hopefully, makes you smarter. So, her business provides you with the service of helping you have new or more knowledge.
A baker…
• bakes donuts and bread that he sells to you. So…his business provides goods to you!
A doctor…
• takes care of you when you are sick. So…she provides a service to you.
Some businesses are BOTH…they provide goods AND services!
A plumber…
• fixes your toilets and sinks. If he simply fixes these items, he is providing a service to you. But…if you need a whole new toilet or sink, then he is selling you a good!
A carpenter…
• builds things, like houses. He sells you things (wood, nails, etc.) AND he builds your house. SO…his business is being BOTH a provider of goods AND services!
NOW…YOU should know the difference between a good and a service!
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