Goods or Merchandise

Definition

The things which are manufactured for selling purpose or bought for reselling purpose are known as goods or merchandise.

Example

  1. Cloth is goods or merchandise for a cloth dealer.
  2. Cement is goods or merchandise for a cement dealer.
  3. Furniture is goods or merchandise for a furniture vendor.

If these items are manufactured or bought to retain in business or for personal use then these wil not be termed as goods e.g. If Mr. A deals in cars then cars are goods for him. When he purchases Air conditioner for his office then it will not be termed as goods.

True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.