Distinguish between intermediate products and final products . Give examples. OR Explain the basic of classifying goods into intermediate and final go

Question

Distinguish between intermediate products and final products . Give examples. OR Explain the basic of classifying goods into intermediate and final go

Distinguish between intermediate products and final products . Give examples.
OR
Explain the basic of classifying goods into intermediate and final goods . Give suitable examples.

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

INTERMEDIATE PRODUCTS : Intermediate product are the raw materials used in the production of finished goods and services .These Goods are either used for resale. Â For e.g : Cotton bought by a textile mill for making cloth is an intermediate product. In making cake intermediate products used are cake flour, sugar, cocoa powder, butter. Â FINAL PRODUCTS : Goods which are ready for consumption or capital formation by the final users. These Goods are neither used for resale. Â For e.g : cotton bought by consumer for their personal use is a final good. Oil , sugar ,salt bought by consumer for final consumption.