on 05-24-2011 6:44 AM
What is the difference between a trading good and a finished good?
My business contracts the manufacturing of surfboard to third party manufacturers. We then distribute the surfboards out as our product to customers. Would you describe our surfboards as a trading good or a finished good?
Thanks
this is a GOOD topic
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Trading goods can be anything from raw material, work-in-progress to finished goods. The definition of finished goods can also vary from one company to another as the finished good of one company can be a component for another manufacturer.
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First of all, I am not sure which is the right forum for this question
Coming to your query, a trading goods can be a finished goods or semi finished goods but not all finished goods can be treated as a trading goods. Hope you got the difference.
From manufacturers point of view, whatever they produce and sell, it can be treated as a finished goods. Whatever they procure and sell, that can be treated as a trading goods.
thanks
G. Lakshmipathi
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