GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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consumer good
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capital good
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market good
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production good
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Detailed explanation-1: -A steel fabrication facility is correct. The reason is that such a fabrication facility facilitates manufacturing of items that require steel. Hence, it can be categorized as a capital good.
Detailed explanation-2: -Capital goods are the assets used by businesses in the course of producing their products and services, and can include buildings, machinery, tools and equipment.
Detailed explanation-3: -Capital goods are man-made, durable items that businesses use to produce goods and services. Tools, machinery, buildings, vehicles, computers, and construction equipment are types of capital goods.
Detailed explanation-4: -Capital goods include fixed assets, such as buildings, machinery, equipment, vehicles, and tools.