Which term describes products which are not consumed immediately,but whose purchasing value is depreciated during its economic life cycle?
A) Just -in-Time supplies
B) Raw materials acquisition
C) Equipment
D) Investment goods

Question

Which term describes products which are not consumed immediately,but whose purchasing value is depreciated during its economic life cycle? 
A) Just -in-Time supplies 
B) Raw materials acquisition 
C) Equipment 
D) Investment goods

Quizplus · Accepted Answer

Investment goods refer to products that are not consumed immediately, but rather have an economic life cycle during which their purchasing value depreciates. Equipment is a specific type of investment good, but not all investment goods are equipment. Raw materials acquisition refers to the process of obtaining the materials needed to produce a product, and just-in-time supplies refer to a manufacturing strategy of only ordering and receiving supplies as they are needed in the production process.

Which Term Describes Products Which Are Not Consumed Immediately,but Whose