Which term is used for physical, tangible products that can be touched?

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Prepare for the GCSE Business Exam with targeted flashcards and multiple choice questions. Get hints and explanations for each question. Excel in your exam!

The term used for physical, tangible products that can be touched is "goods." Goods are items that are manufactured or produced and are available for sale to consumers or other businesses. These can include everything from food and clothing to electronics and furniture. The key characteristic of goods is their tangible nature; they can be physically handled, stored, and transported.

In contrast, services refer to intangible offerings, such as experiences or activities provided by one party to another, like haircuts or legal advice. Competitive advantages relate to the attributes that allow a business to outperform its competitors, not directly linked to a type of product. Enterprises refer to business ventures or organizations as a whole, again not specifically denoting tangible products. Therefore, "goods" is the most appropriate term for physical products that can be touched.

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