Products that are purchased for use in the production, of goods for resale are

The products that are purchased for use in the production of goods for resale are called "industrial goods." Industrial goods, also known as business-to-business (B2B) goods, are products that are used by businesses in the production of other goods or services. Industrial goods include raw materials, machinery, tools, equipment, and other products that are not intended for sale to end consumers but are used in the production process. For example, a manufacturer of furniture may purchase wood, screws, nails, and other raw materials as industrial goods to produce finished products for sale to consumers. Similarly, a construction company may purchase heavy machinery and tools as industrial goods to build homes and buildings for sale to consumers. In contrast, consumer goods are products that are purchased by individuals for personal use, such as food, clothing, and electronics. Specialty goods are consumer goods that are unique and often expensive, such as luxury cars or designer clothing. Unsought goods are consumer goods that consumers do not actively seek out, such as life insurance or funeral services.