Industrial products are classified in terms of how they enter the product process and their relative costliness.

Name: Industrial products are classified in terms of how they enter the product process and their relative costliness.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. Industrial products are classified based on their role in the product process, whether they are raw materials, components, subassemblies or finished goods. They are also classified based on their costliness or value added to the final product.

Industrial Products Are Classified in Terms of How They Enter