Materials and parts are goods that enter the manufacturer's product completely. They fall into two classes: ________, and natural products.

Question

Quizplus · Accepted Answer

The two classes of goods that enter the manufacturer's product completely are component materials and raw materials. Component materials refer to manufactured products that are assembled or incorporated into the final product, while raw materials are natural substances that are transformed to create the final product. Farm products are a type of natural product, but they are not necessarily used as materials or parts in manufacturing. Therefore, the best choice is C, raw materials.

Materials and Parts Are Goods That Enter the Manufacturer's Product