Goods used up entirely in the production of final goods are

Name: Goods used up entirely in the production of final goods are
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Goods used up entirely in the production of final goods are considered intermediate goods, as they are not sold directly to consumers but are used in the production process of final goods. Production goods are typically capital goods, such as machinery and equipment, used to produce goods or services. Process goods and inventory goods are not relevant to the question.

Goods Used Up Entirely in the Production of Final Goods