In business, what is an example of a physical good?

A physical good is a tangible product that can be touched, seen, and stored. Clothes fit this definition perfectly because they are manufactured items that customers can physically handle, wear, and hold in their hands. When you purchase clothes, you are acquiring a product that has a specific size, color, and style, and you can take it home, as opposed to intangible services or digital products.

In contrast, consultation services, online subscriptions, and software programs are considered intangible goods. They involve either a service rendered or a digital format that is not physically existent in the same way as clothing. These options do not provide a tangible product you can interact with in the same way that clothes do, highlighting the unique characteristics of physical goods.