Consumer goods are products purchased by the ultimate consumer, whereas ________ are products used in the production of other products for ultimate consumers.

Question

Quizplus · Accepted Answer

Business goods, also known as industrial goods or B2B (business-to-business) goods, are products used in the production of other products for ultimate consumers. They are purchased by businesses, organizations, and institutions rather than individual consumers.

Consumer Goods Are Products Purchased by the Ultimate Consumer, Whereas