Goods or Merchandise

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on June 08, 2023


The things which are manufactured for selling purposes or bought for reselling purposes are known as goods or merchandise.


1. Cloth is goods or merchandise for a cloth dealer.

2. Cement is goods or merchandise for a cement dealer.

3. Furniture is goods or merchandise for a furniture vendor.

If these items are manufactured or bought to retain in business or for personal use then these will not be termed as goods e.g.

If Mr. A deals in cars then cars are goods for him. When he purchases an Air conditioner for his office then it will not be termed as goods.

Goods or Merchandise FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.