Answer :
Final answer:
Crude oil is a business product because it is sold from one business to another for further processing, not directly to consumers.
Explanation:
Crude oil, often referred to as petroleum, is a natural resource that is extracted from the earth and is a key raw material used in various industries. It is not a product directly used by consumers but rather undergoes a refining process to produce a variety of petrochemical products, such as gasoline, diesel, kerosene, lubricating oils, and tar/asphalt, that are then utilized in numerous applications both in business and everyday life.
Given its use, crude oil is considered a business product because it is sold from one business to another, mainly for the purpose of being processed into other goods. It is not typically sold in consumer retail environments and thus does not fall into the categories of automotive products, shopping products, or consumer goods. Therefore, the correct answer to the question is that crude oil is an example of a(n) business product.
