Food items purchased by a production unit are
Food items purchased by a production unit are
a) Single Use consumer goods
b) Durable use consumer goods
c) Single-use capital goods
d) Durable use capital goods
Anurag Pathak Changed status to publish April 9, 2023
Ans – c)
Explanation:-
Food items are purchased by the production unit to manufacture other products.
For example, milk is purchased by a sweet shop to manufacture sweets and other desserts.
Thus food items are used once in the production process and they are converted into other products.
Thus food items are classified as single-use capital goods.
Anurag Pathak Changed status to publish April 9, 2023
