Goods and services are classified as either consumer or business,depending on the
A)amount of service required on the item
B)buying motives of the purchasers
C)cost of the particular item
D)purchasers of the particular item as consumers or businesses

Question

Quizplus · Accepted Answer

Goods and services are classified based on the purchasers, distinguishing between consumer goods (purchased by individuals for personal use) and business goods (purchased by companies for production or operational purposes).

Goods and Services Are Classified as Either Consumer or Business,depending