Capital Items Definition and Explanation PDF Download
Learn Capital Items definition in marketing with explanation to study “What is Capital Items”. Study capital items explanation with marketing terms to review marketing course for online MBA programs.
Capital Items Definition:
Long-lasting goods that facilitate developing or managing the finished product.
Principles of Marketing by Philip T. Kotler, Gary Armstrong
Capital Items Explanation:
Human made products are known as capital goods, it incorporates business items to produce goods and services like machinery, buildings, equipment, vehicles, and tools. These items are purchased in order to manufacture goods for the consumer and provide them best quality products. They are mainly recorded as assets on a balance sheet of the company.
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