Zoho Bookings & SalesIQ Alignment

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Goods

Meaning: 

Goods refer to physical, tangible products that satisfy human wants and needs. They can be touched, stored, transported, and exchanged in markets. Goods are produced for consumption or business use.


Example:
For instance, food, clothing, furniture, mobile phones, and machinery are all considered goods.

How to understand Goods:
Goods are crucial for fulfilling everyday needs and desires of people.
They play a significant role in trade between states and countries.


Importance of Goods:   
Goods influence prices, inflation, and economic growth, and they help determine supply and demand patterns in markets.


 

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