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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Based on their characteristics, business products can be classified into what categories?

Summary Introduction

To determine: The categories in which business products can be classified.

Introduction: Consumer goods are goods purchased for utilization by the normal buyer. Then again called final goods, consumer goods are the final product of manufacturing and are what a consumer will see on the store rack.

Explanation

The categories in which business products can be classified are as follows:

  • Constituent divisions turn out to be component of the physical product and are either completed goods prepared for gathering or items that need small handling.
  • Major machinery incorporates huge devices and equipments utilized for manufacturing activities.
  • Industrial services are the intangible products that numerous organizations make use of in their activities...

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