Hypernyms (Tudor is a kind of...): ruler; swayer (a person who rules or commands) Holonyms (Tudor is a member of...): House of Tudor; Tudor (an English dynasty descended from Henry Tudor; Tudor monarchs ruled from Henry VII to Elizabeth I (from 1485 to 1603)) â¢ TUDOR (adjective)
A good is defined as something tangible, whereas a service is always intangible such as a lawyerâs advice or maintenance of your computer by a professional. However, it is common to talk about products of a company, and we refer to the product line of a company when describing the goods and services offered by it.For most of us, goods and products are synonyms to be used interchangeably. Let us take a closer look.owever, it is common to talk about products of a company, and we refer to the product line of a company when describing the goods and services offered by it. For most of us, goods and products are synonyms to be used interchangeably. Let us take a closer look.
For a business that sells products, the wholesale cost of the product sold is known as cost of goods sold or the cost of sales. Margin is the difference between the sales price of the product and the cost of the product. Markup relates to the process of calculating the price of the product based on its cost.perating expenses are listed under expenses in the profit and loss report. Only the direct cost of the product is included in the calculation of cost of goods sold, margin, and markup. The cost of good sold varies directly with the volume of goods sold; each sale adds to cost of sales.