Sean is a broker that sells lumber to businesses. Which classification of business products is lumber?
A) raw materials
B) capital items
C) accessory equipment
D) component parts
E) supplies

Question

Quizplus · Accepted Answer

Lumber, being a basic material that businesses use to produce their goods or services, is classified as a raw material. It is not a finished product but rather an input in the production process.

Sean Is a Broker That Sells Lumber to Businesses