All purchases by a production unit from other production units are intermediate products. (True or False with Reasons)
All purchases by a production unit from other production units are intermediate products. (True or False with Reasons)
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False,
Because all such purchases are not necessarily used up for further production or resold during the year.
For example, products like machines, vehicles, etc. are final products even though they are purchased by a production unit from other production units as these are purchased for investment purposes.
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