intermediate product

Definition

Finished product traded usually among producers or suppliers, and not between them and the end users. Timber and steel rods are intermediate products because they are sold by the timber merchant or the steel dealer to the builder who uses them to produce the final product - a house or a building. See also intermediate good.


intermediate product is...

Nearby Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z