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Question : Which among these is the correct reason for a good to be identified as a final good?

Option 1: It is not processed by a consumer after purchase.

Option 2: It cannot be recycled or reused.

Option 3: It is in the last stage of the product life cycle.

Option 4: It is not processed further by a producer.


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: It is not processed further by a producer.


Solution : The correct answer is It is not processed further by a producer .

For a good to be identified as a final good, it is not processed further by a producer. Final goods are consumed by the end-user or purchaser and are not used as inputs in the production of another good. They are ready for consumption and represent the end product in production and distribution.

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