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The Distinction Between a Consumer Good and an Industrial Good

Question 120

Multiple Choice

The distinction between a consumer good and an industrial good is based on


A) the strength and quality of the good.
B) whether the good will be used to manufacture of another product.
C) whether the good is sold by a wholesaler or retailer.
D) who buys the goods and why.
E) sales volume and average price per unit.

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