Industrial goods can be classified in terms of how they enter the production process and their relative costliness. We can distinguish three groups of industrial goods: ________, capital items, and suppliers and business services.
A) pieces and parts
B) service components
C) specialty goods
D) materials and parts
E) sub-assemblies

Question

Quizplus · Accepted Answer

The three groups of industrial goods are raw materials and components (also known as materials and parts), capital items, and supplies and business services. Option A, pieces and parts, and option E, sub-assemblies, are both types of components which fall under the first group. Option B, service components, and option C, specialty goods, do not fit into any of the three groups mentioned.

Industrial Goods Can Be Classified in Terms of How They