Which of the following best describes component parts in business products?

Component parts are best described as items that are integrated into finished products. This definition aligns with the nature of component parts in a production process. These parts are essential elements that are incorporated into a final product, contributing to its functionality and structure. For instance, in the automotive industry, items like engines, transmissions, and batteries are considered component parts, as they become integral parts of the complete vehicle.

When considering the other options, individual products purchased for resale refer to goods that are acquired to be sold as-is, not necessarily integrated into other products. Raw materials that aid in production generally pertain to the base materials used to create finished goods, rather than the specific parts that become part of those goods. Lastly, supplies used for company operations are supportive items that help run a business but do not form part of the final products being sold to consumers.