What term refers to physical goods that are bought and sold, such as food and clothing?

The term "products" specifically refers to physical goods that are offered for sale in the market. This encompasses a wide range of tangible items, including everyday necessities like food and clothing, as well as gadgets, furniture, and more. In a retail context, understanding what constitutes a product is essential, as it forms the core of inventory management, sales strategies, and customer offerings.

On the other hand, while "services" denotes activities performed for customers that do not result in ownership of tangible goods, "items" is a more general term that doesn't specifically convey the commerce aspect associated with physical goods. "Assets" typically refers to resources owned by a company that have economic value, which can include products, but does not solely pertain to the act of buying and selling tangible goods. Thus, "products" is the most accurate term in this context, focusing directly on the physical goods in the marketplace.