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  2. Goods and services - Wikipedia

    en.wikipedia.org/wiki/Goods_and_services

    For public sector contracting purposes, the electricity supply is defined among goods rather than services in the European Union, [2] whereas under United States federal procurement regulations, it is treated as a service. [3] Goods are normally structural and can be transferred in an instant while services are delivered over a period of time.

  3. Goods - Wikipedia

    en.wikipedia.org/wiki/Goods

    Commodities may be used as a synonym for economic goods but often refer to marketable raw materials and primary products. [4] Although common goods are tangible, certain classes of goods, such as information, only take intangible forms.

  4. Direct-to-consumer - Wikipedia

    en.wikipedia.org/wiki/Direct-to-consumer

    DTC enables smaller companies to compete with large and successful companies in terms of price, availability of the products, and quality since costs are lower. [4] Direct-to-consumer sales can drive stronger brand loyalty and customer retention. [2]

  5. Business - Wikipedia

    en.wikipedia.org/wiki/Business

    They make their profits by selling goods and services that are sports related. Industrial manufacturers produce products, either from raw materials or from component parts, then export the finished products at a profit. They include tangible goods such as cars, buses, medical devices, glass, or aircraft.

  6. Synonym - Wikipedia

    en.wikipedia.org/wiki/Synonym

    Synonym list in cuneiform on a clay tablet, Neo-Assyrian period [1] A synonym is a word, morpheme, or phrase that means precisely or nearly the same as another word, morpheme, or phrase in a given language. [2] For example, in the English language, the words begin, start, commence, and initiate are all synonyms of one another: they are ...

  7. Service (economics) - Wikipedia

    en.wikipedia.org/wiki/Service_(economics)

    Public services are those that society (nation state, fiscal union or region) as a whole pays for. Using resources, skill, ingenuity, and experience, service providers benefit service consumers. Services may be defined as intangible acts or performances whereby the service provider provides value to the customer.

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  9. Value engineering - Wikipedia

    en.wikipedia.org/wiki/Value_engineering

    Value engineering can lead to the substitution of lower-cost materials, as with the exterior cladding that accelerated the Grenfell Tower fire in London. [1] [2]Value engineering (VE) is a systematic analysis of the functions of various components and materials to lower the cost of goods, products and services with a tolerable loss of performance or functionality.