Consumer goods are classified into raw materials, materials and parts, capital goods, and operating services.Group of answer choicesTrueFalse

Creating finished goods and services using raw materials and personnel pertains to which of the following functions?Multiple ChoiceMarketingResearchProductionHuman resources

What type of company purchases raw materials and makes goods to sell?Multiple choice question.WholesalersRetailersManufacturers

What is inventory?Raw materials, finished goods and work-in-progress available for sale Services rendered to customers

• Industries can be classified on the basis:→ Raw materials→ Size→ Ownership

What is NOT a consumer good categorized under the shopping effort and involvementQuestion 2Answera.Convenience Goodsb.Specialty Products c.Raw Materiald.Unsought Goods