Finished goods are products that have completed the manufacturing process and are ready for sale to consumers. They have undergone substantial transformation from their original raw material state.
Related terms
Manufacturing: The process of turning raw materials into finished goods through various stages of production.
Value-added: The increase in worth or value that occurs at each stage of production. Turning raw materials into finished goods typically adds value.
Consumerism: The culture or ideology that encourages individuals to buy and consume more goods and services.