Question : Which of these is not the reason why 'final' goods are called so?
Option 1: They are meant for final use.
Option 2: They are the last to be consumed.
Option 3: They will not pass through any more stages of production.
Option 4: They are not processed or transformed further.
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Correct Answer: They are the last to be consumed.
Solution : The correct option is They are the last to be consumed .
Exactly, the term 'final goods' is used because these goods are meant for final use by consumers, indicating that they are the end products of the production process. These 'final goods' do not undergo any more stages of production. They have completed the production process and are ready for consumption without further transformation or processing.
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