Question

________ are those products purchased for further processing or for use in conducting a business.

Option 1: Consumer goods
Option 2: Industrial goods
Option 3: Specialty goods
Option 4: Convenience goods

Answer 1

Industrial goods are purchased for further processing or for business operations, distinct from consumer goods which are for individual use.

Step-by-step explanation:

The products that are purchased for further processing or for use in conducting a business are known as industrial goods. Unlike consumer goods, which are intended for use by individuals, industrial goods are used to produce other goods and services, aid in business operations, and may include machinery, manufacturing materials, and large-scale goods. The durability of such goods can vary, with some being long-lasting investments, while others are consumed quickly during the production process.