goods and services

Definition

The most basic products of an economic system that consist of tangible consumable items and tasks performed by individuals. Many business portfolios consist of a mix of goods and services that they offer to potential consumers via a sales force.

Use goods and services in a sentence

  • If you need to purchase a lot of goods and services from another company you should try and find one with a good reputation.

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  • My dad wrote down a list of goods and services that we currently offered, in order to teach me the ways of his work.

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  • The goods and services offered by the company were of consistently high quality and we were pleased to do business with them.

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