16.9k views
3 votes
Which of the following terms refers to materials used by manufacturers to make other goods?

User AjayLohani
by
4.1k points

1 Answer

1 vote

Answer:

Raw materials are the input goods or inventory that a company needs to manufacture its products. For example, the steel used to manufacture vehicles would be a raw material for an automobile manufacturer. Capital is the property used by businesses to produce goods and services. It includes both physical assets and intellectual property. Examples: Material inputs are goods that are used in making other products. They include both raw materials and manufactured products.

User Benjamin Dean
by
3.8k points