In classifying goods in the business market, the following are foundation goods EXCEPT
A. Office equipment
B. Light factory equipment
C. Raw steel
D. Building and land rights
E. Fixed equipment
Answer: C - In classifying goods in the business market, the following are foundation goods except raw steel. Foundation goods are capital items that are sold in the business market and represent a significant proportion of a business's costs. Foundation goods become depreciated with use and are often sold in reseller markets. Raw steel is not considered a foundation good, but rather a component of entering goods.