a)
To determine: The classification of Product J
Introduction:
A product is a service or physical item that can be offered or made to a customer in order to satisfy their wants and needs. A company gets new products in two ways. One is acquisition and another one is developing a new product.
a)
Explanation of Solution
The products can be generally classified into consumer products or business products
Product J is a baby’s shampoo and it is classified under the consumer product. The consumer products are the products that are in the final stage and are ready to be purchased and consumed by the end users is known as the consumer product.
b)
To determine: The classification of Product BD
Introduction:
A product is a service or physical item that can be offered or made to a customer in order to satisfy their wants and needs. A company gets new products in two ways. One is acquisition and another one is developing a new product.
b)
Explanation of Solution
The products can be generally classified into consumer products or business products
Product BD is a two speed drill if the product is used by a worker who has to do his work in the house by himself then the product is a consumer product. The consumer products are the products that are in the final stage and are ready to be purchased and consumed by the end users is known as the consumer product.
Product BD is a two speed drill if the product is used by a construction building worker then the product is a business product. The products that are purchased by the businesses for their own usage is known as a business product.
c)
To determine: The classification of Product AW
Introduction:
A product is a service or physical item that can be offered or made to a customer in order to satisfy their wants and needs. A company gets new products in two ways. One is acquisition and another one is developing a new product.
c)
Explanation of Solution
The products can be generally classified into consumer products or business products
Product AW is a business product. The products that are purchased by the businesses for their own usage is known as a business product.
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Chapter 10 Solutions
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