Answer to Question #129253 in Marketing for lemlem

Question #129253
A product like refrigerator, macaroni etc. can be both consumer and industrial product regardless of their characteristics. Discuss the reasons why a single product can be consumer as well as industrial product
Expert's answer

Consumer products include the goods and services utilized by individuals and households while industrial products are used by other businesses. A product can be both consumer and industrial depending on who purchases them. For example, a company can purchase support goods such as a refrigerator to cool down products as part of the production process of consumer goods. Additionally, a consumer good can be used in the operation and maintenance of equipment used in industries.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be the first!

Leave a comment

New on Blog