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Give Examples of How Each Product Listed Can Be Classified

question 89

Essay

Give examples of how each product listed can be classified as either a consumer and/or business product.
A) shampoo
B) steel bars for concrete reinforcement
C) lawn mower
D) computer
E) automobile


Definitions:

Interest

The expense involved in obtaining a loan, conventionally denoted as an annual percentage rate.

Retirement Account

A financial arrangement designed to replace employment income upon retirement, often offering tax benefits to encourage saving for the retirement years.

Retire

The process of leaving one's job and ceasing to work, typically due to age or health reasons.

Interest Rate

The percentage of a sum of money charged for its use, reflecting the cost of borrowing money or the return on invested funds.

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