Question

The key characteristic distinguishing business products from consumer products is their intended use, not their physical...

The key characteristic distinguishing business products from consumer products is their intended use, not their physical form.

True

False

Original equipment manufacturers or OEMs include all individuals and organizations that buy business goods and incorporate them into the products they produce for eventual sale to other producers or to consumers.

True

False

The U.S. federal government buys goods and services valued at more than $875 billion per year, making it the world’s largest customer.

True

False

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Answer #1

1.The key characteristic distinguishing business products from consumer products is their intended use, not their physical form.

Answer: True

2. Original equipment manufacturers or OEMs include all individuals and organizations that buy business goods and incorporate them into the products they produce for eventual sale to other producers or to consumers.

Answer: True

3. The U.S. federal government buys goods and services valued at more than $875 billion per year, making it the world’s largest customer.

Answer: True

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