Question

Which type of business produces processed goods by changing raw goods into a more finished form? Producers Processors Intermediaries Service firms

Answer 1

The correct answer is Processors.

Step-by-step explanation:

Producers do the work of gathering raw materials in their natural form.

Processors are the business that produces their goods by changing raw materials into more finished form.

Intermediaries perform the work of buying and reselling of goods.

Service firms do not provide tangible or physical goods instead, they provide intangible services or facilities to others.