One company's raw materials may be another's ﬁnished goods.

Name: One company's raw materials may be another's ﬁnished goods.
Brand: Quizplus
Rating: 4.9 (58 reviews)

Question

Quizplus · Accepted Answer

This statement is true. Raw materials such as iron ore may be the finished goods for a steel manufacturer. Similarly, a company that manufactures furniture may purchase wood or fabric as raw materials while another company may use the same materials to produce finished clothes or home decor products.

One Company's Raw Materials May Be Another's ﬁNished Goods