What type of goods are machinery, raw materials such as cotton and lumber, and equipment?
(1 point)
O Industrial
O Consumer
O Production
O Support
The type of goods that machinery, raw materials, and equipment belong to is production goods.
The correct answer is: O Production
To determine the type of goods that machinery, raw materials such as cotton and lumber, and equipment belong to, we need to understand the different categories of goods.
1. Industrial goods: These goods are used in the production of other goods or services. They are usually raw materials or components that are transformed or combined in the manufacturing process. Examples include raw materials like cotton and lumber.
2. Consumer goods: These are the final products that are purchased by individuals for personal use or consumption. They are the end result of the production process. Examples include clothing made from cotton or furniture made from lumber.
3. Production goods: These are goods that are used to produce other goods or services. They include machinery and equipment that are necessary for the manufacturing process. These goods are not directly consumed by individuals but are essential for production.
4. Support goods: This category refers to items that assist in the production process but are not directly incorporated into the final product. Examples can include tools, office supplies, or maintenance equipment.
Given the options provided, the goods mentioned (machinery, raw materials such as cotton and lumber, and equipment) fall under the category of "Production goods" since they are used in the production process of other goods or services.