Q. Steel sheets used in the production of furniture is an example of

Explanation by: Prabhas Kapoor

Intermediate goods are semi-finished products are goods that are used as inputs in the production of other goods including final goods. It comprises material or item that is a final product of a process, but is also used as an input in the production process of some other good. In the production process, intermediate goods either become part of the final product, or are changed beyond recognition. Steel sheets serve as raw materials in the production of furniture.