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Tag Archives: service industry

Goods and services – resale vs operational: The #1 difference every business student MUST know

Understand the core difference: Goods and services sold to customers vs those used internally.

When learning business and accounting, it’s essential to grasp some fundamental concepts, and at the very heart of it all are goods and services. These aren’t just abstract terms; they’re the building blocks of every transaction, every company, and every economy. In essence, the primary purpose of a business is …

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