Goods and Services

Raw Materials

Come from mining companies, farms, fishing boats, oil rigs, loggers, etc.

For example, a farmer markets tomatoes to a ketchup maker, or a forestry company markets logs to a paper mill

Canada exports a lot of raw materials We also import many raw materials (ex:

oranges) Raw materials are usually marketed to

business

Processed Goods

The nature of the product is changed, for example pasteurizing milk, or pressing applies into juice, or creating pulp from wood

Processed goods may be sold as finished goods, or as semifinished goods

Semifinished goods are marketed to manufacturers

Finished Goods

Do not require any further processing May be a consumer good (ie Nike Shoes) or

an industrial good (car seat) Consumer goods are used by the general

public Typically sold by retailers to consumers Can be sold to industry

Ex: Original Maple Bat Company sells to major league baseball teams as well as consumers

Industrial goods are used by a business to make other products, and can be any of raw materials, processed goods, or finished goods

Services

Activities performed for othersJust like goods, can be marketed to

consumers or industry Ex: Piano tuner

If they tune pianos for a symphony, it’s an industrial service

If they tune pianos in people’s homes, it’s a consumer service

Most businesses focus on one or the other

Jones Soda

Article and questions

Jones Soda Website

Jones Soda Website

Jones Soda Website

Jones Soda Website