Production Goods and Services Are Items Used to Assist in Producing

question 5

True/False

Production goods and services are items used to assist in producing other goods and services.

---

Definitions:

Trade Usage

Established practices or patterns of behavior regularly observed and accepted in a particular industry.

Particular Purpose

A specific reason or function for which something is intended or used.

Merchantability

A guarantee that a product sold will meet reasonable expectations of quality and performance as implied by law.

Preassembled

Refers to items or products that are assembled at the manufacturing facility before being shipped to the customer.