Industrial goods are classified as either production goods or support goods. Production goods are used in the production of a final consumer good or product, while support goods help in the production process of consumer goods such as machinery and equipment.

What do you mean by product classify consumer product and industrial product?

Goods or products are classified as either consumer goods or industrial goods. Consumer goods are produced for the personal use of the ultimate consumer, while industrial goods are produced for industrial purposes.

Why are consumer goods and industrial goods classified?

Physical products or goods have been classified into two separate categories, consumer goods and industrial goods. The classification or distinction between these two types of goods is necessary in order to determine different efficient strategies which are required to help in moving the products through the marketing system.

How are goods classified by a marketing company?

Marketers consider goods primarily in terms of whom they are being targeted. They classify goods based on whether they are consumer goods or industrial goods. Generally, products are classified into two types; Consumer Products (convenience products, shopping products, specialty products, unsought products).

What are consumer products and what are industrial products?

Consumer Products (convenience products, shopping products, specialty products, unsought products). Industrial Products (capital goods, raw materials, component parts, major equipment, accessory equipment, operating supplies, and services). Consumer products are those which are bought by consumers for ultimate consumption and not for resale.

How are products classified according to their characteristics?

Marketers have traditionally classified products on the basis of three characteristics – durability, tangibility and use. Products can be classified as:- A. Consumer Products B. Industrial Products. Some of the types of consumer goods are:- 1. Convenience Goods 2.