GOODS:
According to Dr. Alfred Marshall, “All those things which satisfy human wants are goods.”
The term good does not imply an ethical or legal meaning. The term goods is inclusive of services.
KIND OF GOODS / CLASSIFICATION OF GOODS.
I] Classification of goods on the basis of price paid.
II] Classification of goods on the basis of use.
III] Classification of goods on the basis of form.
IV] Classification of goods on the basis of mobility.
V] Personal goods and impersonal goods.
VI] Classification of goods on the basis of ownership
VII] Classification of goods on the basis of durability
VIII] Classification of goods on the basis of satisfaction received.