Which of these is NOT the reason why 'final' goods are called so?

Question

Question

This question was previously asked in

SSC CHSL Exam 2023 Tier-I Official Paper (Held On: 03 Aug, 2023 Shift 3)

Answer 1

The correct answer is They are the last to be consumed. Key Points

They are meant for final use.
- This is a correct reason why final goods are called so.
- Final goods are produced for direct consumption or use by the end-users.
They are the last to be consumed.
- This is an incorrect reason why final goods are called so.
- The order of consumption does not determine whether a good is final or not.
They will not pass through any more stages of production.
- This is a correct reason why final goods are called so.
- Final goods are ready for use or sale and do not require any further processing or transformation.
They are not processed or transformed further.
- This is a correct reason why final goods are called so.
- Final goods are the end products of the production process and do not require any further processing or transformation.

Additional Information

Final goods are also known as consumer goods as they are meant for direct consumption by the end-users.
They are the end products of the production process and are ready for use or sale in the market.
Final goods are different from intermediate goods, which are used as raw materials or components in the production of final goods.