High School

Crude oil is an example of a:

a. automotive product
b. shopping product
c. consumer good
d. business product

Answer :

Final answer:

Crude oil is a business product that is primarily used as a raw material in various industries. It is refined into different petroleum products like gasoline, diesel fuel, jet fuel, and heating oil.

Explanation:

Crude oil is an example of a business product because it is primarily used as a raw material in various industries. It is refined into different petroleum products like gasoline, diesel fuel, jet fuel, and heating oil, which are then sold to consumers or used in business operations. Crude oil is not an automotive product, shopping product, or consumer good because it is not directly purchased by individuals for personal use.

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