8. define five categories of business goods. ...

# Brief Explanations: Business goods are products purchased for use in the operation of a business. The five common categories are installations (major capital - equipment like buildings and large machinery), accessory equipment (less - expensive and shorter - lived items like computers and office furniture), raw materials (unprocessed natural products used in production), component parts (finished items that become part of a final product), and supplies (consumable items and services that facilitate operations, like stationery and cleaning services). # Answer: Installations: Major capital - equipment used in business operations such as buildings and large machinery. Accessory equipment: Less expensive and shorter - lived items like computers and office furniture. Raw materials: Unprocessed natural products used in the production process. Component parts: Finished items that are incorporated into a final product. Supplies: Consumable items and services that aid in business operations, such as stationery and cleaning services.