Vactin Corp., a construction company, buys ten truckloads of cement for its new construction project. Given this information, what is the cement an example of?

Question

Quizplus · Accepted Answer

Cement is an industrial product as it is used in construction, which is an industrial activity. It is not a consumer product, service product, or unsought product because it is not something that is directly purchased by individuals (like groceries or clothes), a service that is provided (like plumbing or consulting), or a product that is not actively sought after (like insurance for a healthy person).