With today's technology and the ability to quickly identify target groups through various avenues with market data from purchases, social media, browsing history, etc., do you think a company that fails to do this would have any chance with gaining competitive advantage? Explain.

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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.