Goods & Services: Definition & Examples


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Which of the following is the BEST definition of a good?

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1. A _____ is something someone buys that cannot be owned and is not returnable.

2. Which of the following is the BEST example for measuring the quality of a good?

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About This Quiz & Worksheet

There are some distinct differences between goods and services. Use the quiz and worksheet to check your knowledge of these differences along with the definition of a good.

Quiz & Worksheet Goals

Using these tools, you can gauge your knowledge of:

  • Measuring the quality of a good
  • What a customer can do with a service
  • The four areas that can be used to determine if something is a service or good
  • Definition of a good
  • Something someone buys that can never be owned

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on goods vs. services
  • Distinguishing differences - compare and contrast main topics, such as goods and services
  • Information recall - access the knowledge you have gained about the meaning of a good

Additional Learning

To learn more, use the lesson called Goods & Services: Definition & Examples. Use this lesson to:

  • Identify characteristics of a good
  • Review examples of a service
  • Understand the importance of goods and services
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