Goods and Services

1. Goods and Services

2. 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

3. 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

4. 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

5. Services • Activities performed for others • Just 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

6. Jones Soda • Article and questions

7. Jones Soda Website

8. Jones Soda Website

9. Jones Soda Website

10. Jones Soda Website