Products and services fall into two broad classifications based on the types of customers who purchase and use them. Which is one of these broad classes?
A) industrial products
B) specialty products
C) supplies and services
D) materials and parts
E) convenience products

Question

Quizplus · Accepted Answer

Industrial products are a broad classification of products and services that are primarily used by businesses to produce other products or services or for other business purposes. They are different from consumer products and services because they are generally not sold directly to end consumers but rather to businesses and other organizations that use them as inputs in their own production processes. Examples of industrial products include machinery, raw materials, and components.

Products and Services Fall into Two Broad Classifications Based on the Types