The things which are manufactured for selling purpose or bought for reselling purpose are known as goods or merchandise.
- Cloth is goods or merchandise for a cloth dealer.
- Cement is goods or merchandise for a cement dealer.
- 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 wil not be termed as goods e.g. If Mr. A deals in cars then cars are goods for him. When he purchase Air conditioner for his office then it will not be termed as goods.