Question

What is meant by producer product?

Answer 1

Answer:

Producer products are those goods that become a part of the final product. They are used as they are and can also become a part of processing for acquiring some other final product. They either become a part of life cycle of some other product and lose their distinct identity or can easily have a resale value of their individual identity.

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Answer 2

Explanation:

Intermediate goods, producer goods or semi-finished products are goods, such as partly finished goods, used as inputs in the production of other goods including final goods. A firm may make and then use intermediate goods, or make and then sell, or buy then use them.