Question

The following statements true or false? Give reasons.
End-use of the goods categorise the goods as intermediate goods and final goods.

• A. True
• B. False

Answer 1

The correct option is A True

If the end-use of the good is for further production or resale, then the good Is an intermediate good. However, if the end-use of the good is consumption or investment, then the good is a final good.