Wonder Widget Company manufactures widgets that are sold to retailers.The retailers,in turn,sell these widgets to consumers for their own use.These widgets are:
A)inventory in the hands of Wonder.
B)equipment in the hands of the consumers.
C)equipment in the hands of the retailers.
D)consumer goods in the hands of Wonder.

Question

Quizplus · Accepted Answer

A good in the hands of the manufacturer is called inventory.A good other than inventory,farm products,or consumer goods,is called equipment.A good used in a household or in the hands of the user,is classified as consumer goods.

Wonder Widget Company Manufactures Widgets That Are Sold to Retailers