The distinction between a consumer good and an industrial good is based on
A) the strength and quality of the good.
B) whether the good will be used to manufacture of another product.
C) whether the good is sold by a wholesaler or retailer.
D) who buys the goods and why.
E) sales volume and average price per unit.

Question

Quizplus · Accepted Answer

The distinction between a consumer good and an industrial good is based on whether the good will be used to manufacture of another product.

The Distinction Between a Consumer Good and an Industrial Good