An industrial firm
A) is one that is independently owned and takes title to the merchandise it sells.
B) buys physical goods and resells them again without any reprocessing.
C) deals exclusively with federal, state, and local governments.
D) in some way reprocesses a product or service it buys before selling it again to the next buyer.
E) only produces a product, not a service.

Question

Quizplus · Accepted Answer

An industrial firm reprocesses a product or service it buys before selling it again, which distinguishes it from firms that simply resell goods without reprocessing.

An Industrial Firm