Final answer:
A product that is bought by a company for use in making another product is called a business product.
Step-by-step explanation:
A product that is bought by a company for use in making another product is called a business product. This type of product is commonly known as an input or raw material, as it is used in the production process to create a final product for consumers. For example, a retail store buying fabric to make clothes or a car manufacturer purchasing steel to build cars are both instances of a business product.
A business product is a tangible or intangible offering that a company provides to meet the needs and wants of its customers. It can range from physical goods like electronics to services such as consulting, contributing to a company's value proposition and market competitiveness.