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A commodity is any item which can fufuill a market desire or need. Lumber is considered a commodity because it can be bought and sold to fufill a desire or need in the economy.
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What does commodity gold mean?
Gold is a commodity that can be sold and traded, just like any other commodity. Gold is considered a hard commodity because it is extracted from mining, instead of being grown.
Product that is considered the same no matter who makes it or sells it?
Commodity
Milk is considered a commodity because it is which of the following?
the same product regardless who sells it
Is milk a commodity or a product?
commodity
What kind of products are considered a commodity?
Things that are sold to be consumed- orange juice, wheat, pork, corn, soybeans, oil.
Is lumber considered a plant?
No, lumber is produced from trees. Lumber is not a specific tree or plant.
Do they make 2x7 lumber?
It is not a standard finished commodity lumber size. Most likely the member you are looking at is a 2x8, which measures 1-1/2" x 7-1/4".
What does commodity gold mean?
Gold is a commodity that can be sold and traded, just like any other commodity. Gold is considered a hard commodity because it is extracted from mining, instead of being grown.
Is a television considered a commodity?
Yes, a television can be considered an example of a commidity. However, it's not a commodity in the stock market meaning of the term. A TV cannot be traded like a stock.
Product that is considered the same no matter who makes it or sells it?
Commodity
In the US oil is considered what?
Not sure exactly what the question means, but oil is considered a commodity.
What is incised lumber?
Small slits or holes are poked in lumber when it is incised. It is done before treating the lumber with chemicals. Some lumber does not require incising. Lumber that doesn't require incising are Southern softwoods. Incising does effect the ultimate strength of the lumber, but not by much, say 2 to 5%. It is still considered a good trade off if the lumber is having additional value added treatments.
Milk is considered a commodity because it is which of the following?
the same product regardless who sells it
Is water the most important commodity?
Water is the most important commodity, without it life cannot be sustained.
Why is milk considered a commodity?
A commodity is something sold primarily on price rather than on some characteristic of the product. Because non-organic cow's milk is pretty much the same no matter where you get it, it is sold primarily on price and is therefore considered a commodity. Specialty milks--organic, lactose-free, flavored, from Jersey cattle--are sold on a particular characteristic of the product, so they're not commodities.
4 similarities between money & commodity?
What is the difference between money and commodity? Commodity money is a sort of money that is considered as a present good. Whereas, fiat money is a future obligation as it is simply a promise to pay in the future. Payment is never made when it comes to fiat money, instead it is only discharged. But commodity money, on the other hand, completes the transaction.
Which is the largest commodity exchange for commodity market?
Oil is that commodity.
