Which of the following statements about the distinction between consumer goods and industrial goods is the most accurate?
A) The same product can be classified as either a consumer good or an industrial good,depending upon its end use.
B) Industrial goods tend to have a useful life of several years and can be depreciated while consumer goods typically last less than a year.
C) Consumer goods are typically more expensive than industrial goods.
D) Industrial goods are custom-made to the specifications of the buyer,while the vast majority of consumer goods are mass-produced.
Correct Answer:
Verified
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