Sinclair Fabrication bought four machine lathes, which are primarily used for shaping metal or wood, for $200,000 each.

Of which type of business product are these machine lathes?

Business products are useful concept, approach, piece of knowledge, product, or service that fills a need or satisfies a need. It has both concrete and abstract qualities (benefits, features, functions, uses) that a seller can offer a buyer in exchange for their money. There are six different categories of commercial goods, including large machinery, small machinery, component parts, processed goods, supplies, and commercial services.

Business products are the items that businesses sell to generate revenue. Business items, in other words, are the things and services that people wish to purchase in order to outfit their homes, operate their own enterprises, sate their needs for supplies in their churches, schools, stadiums, and factories, as well as generally keep the world moving ahead.

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Sinclair Fabrication bought four machine lathes, which are primarily used for shaping metal or wood, for $200,000 each. Of which type of business product are these machine lathes?

Answer :

What are business products?

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Sinclair Fabrication bought four machine lathes, which are primarily used for shaping metal or wood, for $200,000 each.

Of which type of business product are these machine lathes?