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Sever21 [200]
4 years ago
8

How are industrial goods different from consumer goods? Explain

Business
2 answers:
nekit [7.7K]4 years ago
7 0
Industrial goods are made up of machinery manufacturing plants <span>and any other good or component used by other </span>industries<span> or firms. Consumer </span>goods<span> are ready for the consumption and satisfaction of human wants, such as clothing or food or toys. 


Hope this helps!</span>
Anika [276]4 years ago
4 0

Answer:

Industrial goods are purchased by companies that use them for their regular business purposes, e.g. for manufacturing other products. While consumer goods are purchased and consumed by individuals to satisfy their personal needs and wants.

Industrial goods usually include: machinery, raw materials, equipment, power generators, etc.

Consumer goods usually include: food, clothes, furniture, household appliances, etc.  

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With prices down and wages fixed by contract, Milli's Frozen Pizzas decides to lay off workers would not be an expected response from a decrease in the price level.

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When one or both product prices fluctuate while nominal revenue (budget) stays the same, the budget line will alter. a change in the nominal income level with no change in the relative prices of the two goods.

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5 0
1 year ago
In general, how do federal laws protect employee benefits?
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The ________ statement might be chosen by a company because it highlights the components of net income.
steposvetlana [31]

The financial statement that highlights the components of net income is the income statement.

<h3>What is an income statement?</h3>

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The correct answer is letter "C": Her monthly payments will start lower and end higher.

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