define the terms consumer goods, services, and industrial goods

Q: Cite consumer actions for minimal environmental impact other than recycling

A: Introduction:- Developing countries Such as india, which are known for their human religious…

Q: explain the meaning of the following concepts  Financial Program Commercialization Decline Stage…

A: 1. Financial Program- This is a finance term that expresses two related activities. It is the study…

Q: For consumers, what are the benefits of bundled products and services?

A: Product bundling is a marketing strategy that allows businesses to bundle products that complement…

Q: What are the factors used to produce goods and services?

A: Product development is the process which is taken place in marketing function. It is because…

Q: DEFINE Dell Computer

A: Dell computer: We all know that how prominent and famous are Dell Computers. Dell computer was once…

Q: Explain how Perceived risk of negative consequences Determining the Level of Consumer Involvement?

A: There are five kinds of perceived perils the following are the given below:

Q: Explain the term General public?

A: Public can be explained as the individuals group that have interest or interest that is potential in…

Q: Discuss any four determinants of consumer behavior

A: Consumer behavior can be defined as the behavior of the customers when they follow while making a…

Q: Offensive and Defencsive Marketing Strategy Examples for Motor Industry

A: Offensive marketing can be explained as marketing strategy through which the company tries to gain…

Q: Write a literature review on resturant businesses

A: Restaurant businesses have become an essential part of our daily lives, and the industry is…

Q: e product as a

A: Buying refers to the act of acquiring anything, whether it be a good or a service, by the exchange…

Q: Explain compensating differential

A: An organization consists of various employees who work together for the purpose of fulfilling…

Q: Discuss the Producer Consumer Problem citing examples

A: A consumer can be defined as any person who consumes goods and services offered by a company. The…

Q: Give two examples of markets for goods and markets for services

A: A market is where purchasers and merchants can meet to work with the trade or exchange of labor and…

Q: Define the business market and identify the major factors that influence business buyer behavior.

A: Business market can refer to the process of selling a product or service to other businesses. Those…

Q: Explain the sponsibilities of business to consumers concerning product quality, prices, and labeling…

A: Marketing aim to provide goods and services to consumers as per consumers expectations. Labelling…

Q: Develop marketing mixes for services

A: Marketing mixes are important for a product or a service. Firms have to understand and develop…

Q: Explain the following business marketing segments: producers resellers institutional buyers…

A: Business-to-business (B2B) market segments are separate groupings or categories of clients or…

Q: Do middlemen increase the cost of products?  Would consumers be worse off without middlemen?

A: The presence of intermediaries in the marketing chains serves as an important transacting link in…

Product and Service Classification

Classification of goods and services categorized between industry and customer goods is known as Product and Service classification. It is based on brands, quality, and quantity which companies deliver to the concerned client. Industrial goods are produced for industrial work, whereas consumer goods are produced for personal consumption by the customers. Marketing and sales need technological methods, a healthy environment, proper market strategies, marketing environment in terms of productivity and profit.