Asked by Drishana Pillay on May 08, 2024
Verified
Business products include products and services used in the production of other goods for resale.
Business Products
Goods and services sold to other businesses for the production of goods, for resale, or for general business operations.
- Identify the distinctions between consumer-oriented products and those created for business use, along with their respective categorizations.
Verified Answer
GS
George SandersMay 09, 2024
Final Answer :
True
Explanation :
Business products are items that are used in the production, facilitation, or maintenance of goods and services which are then sold to other businesses or consumers. These can include raw materials, machinery, and business services.
Learning Objectives
- Identify the distinctions between consumer-oriented products and those created for business use, along with their respective categorizations.