Labatt purchases grain from a local farmer to make beer, which is sold to the final consumer. The grain is considered a
A) production good.
B) nondurable good.
C) material good.
D) industrial (business) good.
E) disposable good.

Question

Quizplus · Accepted Answer

The grain is considered an industrial (business) good because it is used in the production process to create a final product, which in this case is beer.

Labatt Purchases Grain from a Local Farmer to Make Beer