Surplus goods are products that exceed the current demand in the market. This can happen for various reasons, such as overproduction, changes in consumer preferences, or seasonal fluctuations. When businesses have more inventory than they can sell, they may need to find ways to reduce prices or offer promotions to clear out the excess stock. These goods can include anything from clothing to electronics and are often sold at discounted rates. Retailers may also choose to donate surplus items to charities or sell them to liquidation companies, which specialize in reselling excess inventory.