BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Goods can be classified according to how they satisfy human needs. Consumption goods directly satisfy human needs, while capital goods indirectly satisfy human needs.

Detailed explanation-2: -Human-made resources (buildings machinery and equipment) used to produce goods and services; goods which do not directly satisfy human wants; also called capital goods.

Detailed explanation-3: -Consumer goods satisfy human wants directly.

Detailed explanation-4: -Consumer goods are those goods, which satisfy the want of consumer directly. They are goods, which are used for consumption.

Detailed explanation-5: -The correct answer is b) Their demand is derived, which means that the demand for capital goods is not direct and is instead derived from the demand for the goods and services that they help to produce. For example, a factory that produces cars will require machines, tools, and other capital goods to produce the cars.