Which of the following is an example of an intermediate good or service?
A)gasoline purchased by Sam for her commute to work
B)flour purchased by Jake to bake a cake for his spouse
C)training seminars for employees of an accounting firm
D)golf balls sold to Tiger Woods
E)None of the above are examples of intermediate goods or services.

Question

Quizplus · Accepted Answer

Training seminars for employees of an accounting firm are an intermediate service as they are used by the firm to improve the skills and knowledge of their employees, rather than being sold or used directly to produce a final product for consumers. The other options are either consumer goods (gasoline, flour, golf balls) or are directly used in the production of a final product for consumers (golf balls for Tiger Woods' golf game).

Which of the Following Is an Example of an Intermediate