final good (service)

  

Definition

A good or service that is consumed by the end user and does not require any further processing. See also intermediate good.

Use this term in a sentence

  • Schwinn uses the highest quality intermediate goods such as tires, leather seats and chains in order to produce the the best quality final good, the Schwinn Bicycle.

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  • You need to know what the final good will look like so that you can start marketing it before it is ready.

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  • Marty Smith's grandfather has been transforming planks of wood into the final good of rocking chairs for many years now.

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