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goods:

... generally, tangible commodities, wares, chattels property that is movable); however, intangibles, such as information, provided to consumers as end users may also be classified as goods. Either way, a good has economic utility.

Material (raw material) feeds into processes that produce inventory (goods in stock) at one or more stages before moving into the hands of an end users. At the beginning it material is raw goods or feedstock. As product moves out of inventory it becomes goods in process. Inventory is static, whereas a process implies that goods are being moved along. Buyers and users exist throughout production, manufacturing and distribution processes. See the definitions of supply chain and just-in-time inventory.

The end result of production and manufacturing in combination with distribution in a commercial process is consumer goods. The output at the final stage is simply known as finished goods, when taking all types of production enterprises into account.

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related: real property; goods and services; resource; quality goods; production

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FYI: definition of goods define good definition of good define commercial goods define manufactured goods definition of high quality goods define high quality goods and wares

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Economic Development Services, Inc. / copyrights and all rights reserved / 03/14/2012