Which of the Following Is an Intermediate Good

question 45

Multiple Choice

Which of the following is an intermediate good?

• A) The tomatoes Sally grows in her garden for personal use
• B) The tomatoes Carlos buys at a local farmer's stand to make salsa for a party he's hosting
• C) The tomatoes Tsubasa buys from the grocery store to make BLT sandwiches
• D) The tomatoes a farmer sells to a factory to be used in the production of spaghetti sauce

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Definitions:

Planning Horizon

The time a business plan covers. Typically between a few months and five years.

Strategic Planning

Long-term organizational process dedicated to setting goals, defining actions to achieve those goals, and allocating resources to implement the actions.

Firm's Mission

A statement that outlines a company's core purpose and focus, guiding its strategy and decision-making.

Disgruntled Stockholders

Disgruntled stockholders are shareholders who are unhappy or dissatisfied with the management decisions, performance, or policies of a corporation.