Explain in details
2006-10-05 23:59:37 · 2 answers · asked by June 1 in Education & Reference ➔ Higher Education (University +)
From Website listed below:
"Business Product
As explained in Chapter 6, a business product is used to manufacture other goods or services, to facilitate n organizations operations, or to resell to other customers.
Consumer Product
A consumer product is bought to satisfy an individual’s personal wants. Sometimes the same item can be classified as either a business or a consumer product, depending on its intended use. Examples include light bulbs, pencils and paper, and microcomputers. "
2006-10-09 15:31:44 · answer #1 · answered by Teacher Man 6 · 0⤊ 0⤋
Consumer product: Usually purchased by the ultimate consumer or user of the product AND the ultimate consumer does not use the product in commercial activity.
Business product: Usually not purchased by the ultimate consumer or user of the product AND the ultimate consumer uses the product in commercial activity.
Industrial product: Not purchased by the ultimate consumer or user AND the product is used to create another product.
2006-10-09 16:04:58 · answer #2 · answered by not2hard24get 2 · 0⤊ 0⤋