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Identify it as intermediate or final good . Chalk and duster purchase by school for teach students?
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Identify it as intermediate or final good . Chalk and duster purchase ...
Identifying Chalk and Duster as Intermediate or Final Good
Chalk and duster are essential tools used in schools to teach students. The purchase of chalk and duster can be classified as either an intermediate or final good, depending on the purpose of the purchase.
Intermediate Good
If the chalk and duster are purchased by a manufacturer to produce a finished product, such as a chalkboard or a teaching aid, then they are considered intermediate goods. These goods are not sold directly to consumers but are used in the production process to create a finished product that is sold to consumers. In this case, the manufacturer of teaching aids or chalkboards would be the end customer of the chalk and duster.
Final Good
If the chalk and duster are purchased by a school to be used in the classroom, then they are considered final goods. These goods are sold directly to consumers and are used for their intended purpose without any further processing. In this case, the school and the students are the end customers of the chalk and duster.
Conclusion
In conclusion, whether chalk and duster are classified as intermediate or final goods depends on the purpose of the purchase. If they are purchased for use in the production process of a finished good, then they are intermediate goods. If they are purchased for use in the classroom, then they are final goods.
Community Answer
Identify it as intermediate or final good . Chalk and duster purchase ...
Final good bcozz it will be used for final consumption in the school.
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Identify it as intermediate or final good . Chalk and duster purchase by school for teach students? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Identify it as intermediate or final good . Chalk and duster purchase by school for teach students? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Identify it as intermediate or final good . Chalk and duster purchase by school for teach students?.
Identify it as intermediate or final good . Chalk and duster purchase by school for teach students? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Identify it as intermediate or final good . Chalk and duster purchase by school for teach students? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Identify it as intermediate or final good . Chalk and duster purchase by school for teach students?.
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