What Are Goods And What Are The Characteristics Of Goods?

What Are Goods And What Are The Characteristics Of Goods?
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  1. Goods are considered to be materials that satisfy human wants and provide utility. Some of the characteristics of goods are listed below:
    1. Goods are tangible products
    2. They have a consistent product definition
    3. Their production point is usually separate from consumption point
    4. Goods can be inventoried (stored)
    5. Goods sale requires low customer interaction

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