Get personalized answers to your specific questions with IDNLearn.com. Find the information you need quickly and easily with our reliable and thorough Q&A platform.
Which of the following statements is TRUE about capital goods? A-Capital goods are bigger and more expensive than consumer goods.
B-Capital goods are only used by governments.
C-Capital goods are usually imported.
D-Capital goods are used to produce other goods and services more efficiently.
The correct option is D. Capital goods are used to produce other goods and services more efficiently. They are tangible asset of a company such as lands, buildings, machinery, equipments, tools, etc. They are used in production process in order to produce consumer goods.
Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. Your questions deserve precise answers. Thank you for visiting IDNLearn.com, and see you again soon for more helpful information.