In the context of industrial goods,which of the following is true for installations?
A)It refers to relatively unprocessed goods that become a portion of the final product.
B)They are capital goods used to produce final products,but are not part of the final products.
C)Farm products and lumber are examples of installations.
D)They are processed goods that are used to produce final products and they become a portion of the products.

Question

Quizplus · Accepted Answer

Installations are capital goods that are used to produce final products but are not part of the final products themselves. Examples of installations include machinery, equipment, and buildings used in manufacturing processes. Option A refers to raw materials, Option C refers to natural resources, and Option D refers to components or parts that become a part of the final product.

In the Context of Industrial Goods,which of the Following Is