What is a business?
Supermarkets sell goods - physical products you can see and touch.
A business is an individual or organisation that makes goods or provides services. Examples of businesses include supermarkets and hairdressers.
Hairdressing is a service - something that cannot be seen or touched.
A business can provide both goods or services:
Goods are physical products that can be seen or touched. Examples of what are called A physical thing that can be seen and touched goods are a television, chocolate bar or a hairdryer.
Services are provided by businesses but cannot be seen or touched. Examples of what are called Something that is not made of a physical substance and cannot be touched services are cutting hair, driving a taxi to take people somewhere, or screening a film in cinema.
