Which of the following is an example of a final good or service?
a. Chocolate a bakery purchases to make cakes.
b. coffee beans that are purchased by a restaurant owner from a wholesale food distributor.
c. an economics textbook you purchase with the intent of selling after your course is over.
d. the lumber purchased by a construction company that will be used by the company to build a model house to show to its clients.

Question

26-10-2022
Business

Answered

Which of the following is an example of a final good or service?
a. Chocolate a bakery purchases to make cakes.
b. coffee beans that are purchased by a restaurant owner from a wholesale food distributor.
c. an economics textbook you purchase with the intent of selling after your course is over.
d. the lumber purchased by a construction company that will be used by the company to build a model house to show to its clients.

Answer :

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kjuli1766 kjuli1766 · Answer 1 · 2022-10-28T04:57:02-04:00

The following is an example of a final good or service. Chocolate bakery purchases to make cakes.

Examples of goods are cars, home equipment, and garb. Examples of services are prison advice, residence cleansing, and consulting services. The output of a commercial enterprise can lie someplace among those principles. as an instance, a landscaping organization ought to sell a property owner a tree (goods) and also mow the lawn (a provider).

There are 4 types of goods and services beneath the GST Act. essential items and offerings, general items and offerings, unique classes of products and offerings, and exempted goods and offerings.

Items and offerings are two critical types of purchases humans make. a terrific is a tangible or bodily product that a person will purchase, tangible meaning something you could touch, and a carrier is when you pay for an ability. A service is something intangible, which can not be bodily touched or stored.

Learn more about goods and services here:

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